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    Signature(s)

    Amount
    € 250,000,000
    Countries
    Sector(s)
    Finland : € 250,000,000
    Urban development : € 250,000,000
    Signature date(s)
    4/02/2014 : € 250,000,000

    Summary sheet

    Release date
    6 August 2013
    Status
    Reference
    Signed | 04/02/2014
    20130164
    Project name
    Promoter - financial intermediary
    OULU URBAN INFRASTRUCTURE
    OULUN KAUPUNKI
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 250 million
    EUR 500 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the financing of multi-sectoral investment schemes forming part of the Municipality’s four-year investment programme from 2013 to 2016 in the City of Oulu in Northern Finland . The project is expected to comprise small to medium sized schemes in the fields of municipal infrastructure, mobility measures, education and sport, social and health infrastructure, district heating and water management.

    The project will contribute to urban renewal and transformation by meeting the demand for a growing population and new business developments and hereby reducing the need for Greenfield developments. The overall project will bring about a significant improvement in the quality of life for the citizens of Oulu and support the long-term economic growth in the municipality and the region as a whole.

    Environmental aspects
    Procurement

    Finland, as an EU Member State, has harmonised its environmental legislation in line with the relevant EU Directives (2011/92/EU Directive and 2001/42/EC). The Bank’s appraisal will focus on the Promoter’s environmental management capacity to properly apply the EU SEA Directive 2001/42/EC, the EU EIA Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. Compliance with the EU Directive on the Energy Performance of Buildings (EU Directive 2002/91/EC) and its recast (2010/31/EU) will be further examined during appraisal.

    The Bank will require the Promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EEC or 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.

    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) - OULU URBAN INFRASTRUCTURE
    Publication Date
    2 Jan 2014
    Document language
    Main Topic
    Lending
    Document Number
    48756603
    Document Focus
    Environmental Information
    Project Number
    20130164
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - OULU URBAN INFRASTRUCTURE - Ympäristövaikutusten Arviointiohjelma
    Publication Date
    13 Nov 2018
    Document language
    Main Topic
    Lending
    Document Number
    88144409
    Document Focus
    Environmental Information
    Project Number
    20130164
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - OULU URBAN INFRASTRUCTURE - Yhteysviranomaisen lausunto oulun meriväylän syventämisen ympäristövaikutusten Arviointiohjelmasta
    Publication Date
    13 Nov 2018
    Document language
    Main Topic
    Lending
    Document Number
    88151003
    Document Focus
    Environmental Information
    Project Number
    20130164
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - OULU URBAN INFRASTRUCTURE
    Publication Date
    1 Jan 2019
    Document language
    Main Topic
    Lending
    Document Number
    88118610
    Document Focus
    Environmental Information
    Project Number
    20130164
    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.

    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 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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