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    Signature(s)

    Amount
    € 120,000,000
    Countries
    Sector(s)
    Finland : € 120,000,000
    Education : € 120,000,000
    Signature date(s)
    12/12/2005 : € 120,000,000
    Link to source

    Summary sheet

    Release date
    7 March 2005
    Status
    Reference
    Signed | 12/12/2005
    20040676
    Project name
    Promoter - financial intermediary
    Finnish Research and Higher Education 2

    Senate Properties
    Lintulahdenkatu 5A
    PL 237
    FI-00531 HELSINKI

    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    Up to EUR 120 million.
    Approximately EUR 547 million.
    Location
    Sector(s)
    Description
    Objectives

    The project comprises the planning and construction of new buildings, and the rehabilitation, extension, and equipping of existing facilities for higher education and research establishments throughout Finland; a total of 133 individual schemes are included in the project.

    Its purpose is to improve higher education and research infrastructure facilities in order to meet the requirements of Finnish higher education strategy. It will contribute to rationalizing the geographical supply of educational facilities and ensuring an optimal use of resources. A number of schemes are located in Objective 1 or Objective 2 areas as defined under the Structural Funds; project implementation should have wide economic and social effects on assisted areas through the upgrading of higher education facilities, which in turn should create positive spill-over effects into industry.

    Environmental aspects
    Procurement

    Educational activities are not specifically mentioned in Council Directive 97/11/EEC on Environmental Impact Assessment (EIA); however they may fall within the scope of Annex II of the Directive as Urban Development projects. This project concerns the renovation of existing buildings and the construction of new buildings located on sites dedicated to academic use and already developed. An EIA is not required under Finnish legislation currently in force for this type of scheme. However, the subprojects are subject to town planning rules; in this regard, regulations have been fully respected and all relevant permits have been obtained following completion of the necessary studies (including environmental studies). Furthermore, the Promoter encourages sustainable development by taking lifecycle and environmental matters into account, and its building standards incorporate environmentally-friendly design features, including the application of stringent energy efficiency standards.

    Procurement procedures applied are in compliance with EU Council Directives and national legislation.

    Comments

    Human capital (education); i2i (education and training).

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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