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Signature(s)

Amount
€ 180,000,000
Countries
Sector(s)
Finland : € 180,000,000
Education : € 180,000,000
Signature date(s)
27/11/2013 : € 50,000,000
27/11/2013 : € 50,000,000
30/03/2017 : € 80,000,000
Link to source

Summary sheet

Release date
20 November 2012
Status
Reference
Signed | 27/11/2013
20120421
Project name
Promoter - financial intermediary
AALTO UNIVERSITY PREMISES
AALTO-YLIOPISTOKIINTEISTÖT OY
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 180 million
EUR 506 million
Location
Sector(s)
Description
Objectives

The project consists of the construction of one new building and renovation of existing university buildings on the Otaniemi campus of Aalto University in Espoo, Finland.

The project supports Aalto University's decision to consolidate its activities and operations to the Otaniemi campus and improves the availability of modern premises for university teaching and research.

Environmental aspects
Procurement

The project primarily concerns research activities that will be carried out within existing facilities. An EIA is therefore not required in accordance with the EIA Directive 2011/92/EU. However, parts of the investment may cover the construction of new facilities and therefore may be covered by Annex II of the Directive in relation to urban development. The Bank's services will verify during appraisal whether an EIA is required for any component of the project.

The promoter is required to respect national and European procurement legislation. The Bank requires the promoter to ensure that all relevant contracts for the implementation of the project have been tendered, or will be tendered, in accordance with the relevant EU procurement legislation.

Link to source
Other links

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).

Documents

Environmental and Social Data Sheet (ESDS) - AALTO UNIVERSITY PREMISES
Publication Date
10 Feb 2014
Document language
Main Topic
Lending
Document Number
51470609
Document Focus
Environmental Information
Project Number
20120421
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - AALTO UNIVERSITY PREMISES
Publication Date
24 Jan 2020
Document language
Main Topic
Lending
Document Number
122724983
Document Focus
Environmental Information
Project Number
20120421
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

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.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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