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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
Link to source
Data sheet

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.

Link to source
Summary sheet
Other links

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

General enquiries and comments

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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.
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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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

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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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