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    Signature(s)

    Amount
    € 120,000,000
    Countries
    Sector(s)
    Finland : € 120,000,000
    Health : € 120,000,000
    Signature date(s)
    13/12/2019 : € 120,000,000

    Summary sheet

    Release date
    3 September 2019
    Status
    Reference
    Signed | 13/12/2019
    20180494
    Project name
    Promoter - financial intermediary
    KYMSOTE HOSPITALS
    KYMENLAAKSON SOSIAALI- JA TERVEYSPALVELUJEN KUNTAYHTYMAE
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 120 million
    EUR 240 million
    Location
    Sector(s)
    • Health - Human health and social work activities
    Description
    Objectives

    The project concerns the rehabilitation and extension of the Kymenlaakso Central Hospital in Kotka, as well as the construction of a new community hospital in Kouvola. These are to be designed and equipped with a strong emphasis on the integration between primary and specialised care as well as social services.

    The benefits are expected to arise from the project's contribution to the overall health strategy of the region through appropriately configured infrastructure and organisation of care. The investment will in fact allow for the reorganisation of service delivery and the introduction of up-to-date technologies to improve efficiency and effectiveness in order to respond to the evolving demographic and epidemiological needs of an aging population. The soundness and quality of the underlying project, including its financial affordability and wider impacts on the community, will be examined and confirmed during appraisal.

    Environmental aspects
    Procurement

    Hospitals are not specifically mentioned in the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/EU, though the project is covered by Annex II of the Directive in relation to urban development. The EIB will verify during appraisal the screening decision of the Competent Authority. It is expected that the project will bear wider benefits to the community as healthcare is an element of social cohesion and economic development.

    The EIB will require the promoter to ensure that contracts for the implementation of the project shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/24/EU and/or 2014/25/EU and/or 2014/23/EU as well as Directives 89/665/EEC and 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 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) - KYMSOTE HOSPITALS
    Publication Date
    18 Dec 2019
    Document language
    Main Topic
    Lending
    Document Number
    90300005
    Document Focus
    Environmental Information
    Project Number
    20180494
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Other links
    Summary sheet
    Data sheet

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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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