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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

    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.

    Comments

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative 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

    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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    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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