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Signature(s)

Amount
€ 50,000,000
Countries
Sector(s)
Finland : € 50,000,000
Health : € 50,000,000
Signature date(s)
22/05/2019 : € 20,000,000
23/04/2018 : € 30,000,000
Link to source

Summary sheet

Release date
26 April 2018
Status
Reference
Signed | 23/04/2018
20170597
Project name
Promoter - financial intermediary
HOIVATILAT CARE PREMISES
SUOMEN HOIVATILAT OYJ
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
EUR 129 million
Location
Sector(s)
  • Health - Human health and social work activities
Description
Objectives

The project will support Hoivatilat, a Finnish service company specialised in producing, developing, owning and leasing out nursing homes, day care centres and service blocks in provision of equity of access to care facilities. The company designs, finances and develops properties as turn-key projects for service companies to operate and manage based on pre-agreed arrangements with responsible municipalities.

The project concerns the construction of new care facilities specifically designed to be used for the care of the elderly, handicapped persons, pre-school children, and combinations thereof. Such facilities are to be constructed throughout Finland.

Environmental aspects
Procurement

Care facilities are not specifically mentioned in the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the EIA Directive 2011/92/EU, though the project is covered by Annex II of the Directive in relation to urban development. All project activities are expected to be carried out in new facilities, thus the necessity of an EIA under the Directive will be verified by the Bank's services during the appraisal.

The promoter is a private company not operating in the utilities sector and not having a status of a contracting entity. Thus it is not covered by EU rules on procurement.

Link to source

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) - HOIVATILAT CARE PREMISES
Publication Date
21 Jun 2018
Document language
Main Topic
Lending
Document Number
78660125
Document Focus
Environmental Information
Project Number
20170597
Sector(s)
Regions
Countries
Publicly available
Download now
Environmental and Social Completion Sheet (ESCS) - HOIVATILAT CARE PREMISES
Publication Date
30 Dec 2020
Document language
Main Topic
Lending
Document Number
135812740
Document Focus
Environmental Information
Project Number
20170597
Sector(s)
Regions
Countries
Publicly available
Download now

News & Stories

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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.
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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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