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    Signature(s)

    Amount
    € 230,000,000
    Countries
    Sector(s)
    Finland : € 230,000,000
    Transport : € 230,000,000
    Signature date(s)
    4/02/2016 : € 230,000,000

    Summary sheet

    Release date
    12 May 2015
    Status
    Reference
    Signed | 04/02/2016
    20140695
    Project name
    Promoter - financial intermediary
    HELSINKI AIRPORT EXPANSION
    FINAVIA OYJ
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 230 million
    EUR 675 million
    Location
    Sector(s)
    Description
    Objectives

    The project concerns the phased expansion of the Helsinki Airport in order to cater for future growth in traffic and to improve passenger service standards. It includes the extension of Terminal 2 with two additional piers and baggage handling systems (BHS), additional apron capacity and various associated landside and airside infrastructure. The project will increase the capacity of the airport from 16 to 24 million passengers per year.

    The project will enhance capacity and improve operational efficiency at Helsinki Airport, benefiting both passengers and airport companies. The project is expected to have a strong economic justification, as required by the Transport Lending Policy. This will be further reviewed during project appraisal.

    Environmental aspects
    Procurement

    A project of this type would normally be classified under Annex II of Directive 2011/92/EU on environmental impact assessment (EIA), meaning that the competent authority makes the decision as to whether a formal EIA is required or not. Helsinki Airport was granted with a legally binding environmental permit in January 2015 by the Supreme Administrative Court which also stated that no further EIA is required.

    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 (Directive 2004/17/EC as well as Directive 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    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 Impact Assessment (ESIA) - HELSINKI AIRPORT EXPANSION - Environmental Permit Application
    Publication Date
    10 Jul 2015
    Document language
    Main Topic
    Lending
    Document Number
    60136809
    Document Focus
    Environmental Information
    Project Number
    20140695
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - HELSINKI AIRPORT EXPANSION
    Publication Date
    11 May 2019
    Document language
    Main Topic
    Lending
    Document Number
    92791078
    Document Focus
    Environmental Information
    Project Number
    20140695
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

    News & Stories

    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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