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Signature(s)

Amount
€ 130,000,000
Countries
Sector(s)
Finland : € 130,000,000
Transport : € 130,000,000
Signature date(s)
10/07/2007 : € 130,000,000
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Summary sheet

Release date
22 May 2007
Status
Reference
Signed | 10/07/2007
20060408
Project name
Promoter - financial intermediary
Helsinki-Vantaa Airport II
Civil Aviation Administration - Finavia
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 100 million.
EUR 200 million.
Location
Sector(s)
Description
Objectives

The project concerns the extension of Helsinki-Vantaa Airport's international terminal, development of a new baggage-handling centre and construction of associated airside and landside infrastructure.

Helsinki-Vantaa Airport provides an important gateway to Finland for travellers from Europe and the rest of the world. To accommodate expected future traffic growth, the promoter wishes to expand the airport's capacity, amongst others by an extension of the international terminal and the implementation of a new baggage-handling centre.

Environmental aspects
Procurement

The project is classified under Annex II of Council Directive 85/337 as amended by Directive 97/11/EC, thus requiring a decision by the competent authority whether or not formal Environmental Impact Assessment process is required. The Bank will review the decision taken by the competent authority. The project represents a relatively modest incremental increase in passenger capacity for the terminal and is unlikely to have significant environmental impact.

The Bank will require the Promoter to ensure that contracts for the implementation of the project are tendered in accordance with the relevant applicable EU procurement Directive (2004/17/EC), with publication of tender notices in the EU Official Journal, as and where appropriate and will examine the procurement procedures during appraisal.

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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).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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