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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Finland : € 100,000,000
    Energy : € 100,000,000
    Signature date(s)
    7/02/2019 : € 100,000,000
    Link to source

    Summary sheet

    Release date
    13 February 2019
    Status
    Reference
    Signed | 07/02/2019
    20180550
    Project name
    Promoter - financial intermediary
    FINGRID TRANSMISSION UPGRADE
    FINGRID OYJ
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 million
    EUR 222 million
    Location
    Sector(s)
    • Energy - Electricity, gas, steam and air conditioning supply
    Description
    Objectives

    Investment in upgrading of the Finnish electricity transmission grid.

    The investments are expected to increase network capacity and improve reliability of substations.

    Environmental aspects
    Procurement

    The Program schemes are expected to have limited environmental consequences. Environmental impact studies have been carried out as applicable and mitigating and/or compensation measures will be applied as necessary.

    The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation Directive 2014/25/EU, 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

    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 Impact Assessment (ESIA) - FINGRID TRANSMISSION UPGRADE - Ympäristövaikutusten - ARVIOINTISELOSTUS
    Publication Date
    5 Dec 2018
    Document language
    Main Topic
    Lending
    Document Number
    88702380
    Document Focus
    Environmental Information
    Project Number
    20180550
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - FINGRID TRANSMISSION UPGRADE
    Publication Date
    16 Apr 2019
    Document language
    Main Topic
    Lending
    Document Number
    88296172
    Document Focus
    Environmental Information
    Project Number
    20180550
    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.

    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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