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    Signature(s)

    Amount
    € 140,000,000
    Countries
    Sector(s)
    Finland : € 140,000,000
    Education : € 140,000,000
    Signature date(s)
    3/12/2019 : € 140,000,000

    Summary sheet

    Release date
    21 May 2019
    Status
    Reference
    Signed | 03/12/2019
    20180855
    Project name
    Promoter - financial intermediary
    VANTAA EDUCATION INFRASTRUCTURE II
    VANTAAN KAUPUNKI
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 140 million
    EUR 303 million
    Location
    Sector(s)
    Description
    Objectives

    The project comprises new construction and major renovations of the education infrastructure of the city of Vantaa, the fourth largest city in Finland located in the capital region. The sub-projects are located in different parts of the city and accommodate different levels of education from pre-primary to upper secondary education. In addition, some cultural and sport facilities are to be included in the project.

    The project will contribute to human capital formation and hence the knowledge economy in Finland. It is aimed at upgrading and modernising the pre-primary, primary and secondary schools estate, including facilities for children with special educational needs. The purpose is to improve the learning environment for students and the working conditions for teachers. Additionally, the refurbishments completed as a part of the project aim to improve the energy efficiency of the education infrastructure.

    Environmental aspects
    Procurement

    Directive 2014/52/EU amending the EIA Directive 2011/92/EU on Environmental Impact Assessment (EIA) does not specifically cover educational activities, leaving it at the discretion of the responsible competent authorities to request an EIA on the basis of the location and scale of the works concerned. However, educational facilities may fall under Annex II of the Directive with respect to Urban Development. The public buildings will be required to at least meet the energy efficiency targets as defined in Directive 2010/31/EU on the energy performance of building and Directive 2012/27/EU on energy efficiency. Social and environmental aspects as well as any issues related to historical and cultural heritage will be verified during the appraisal.

    The Bank will require the promoter to ensure that contracts for the implementation of the project have been / will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU, where applicable, as well as Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, 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 Data Sheet (ESDS) - VANTAA EDUCATION INFRASTRUCTURE II
    Publication Date
    24 Dec 2019
    Document language
    Main Topic
    Lending
    Document Number
    89944532
    Document Focus
    Environmental Information
    Project Number
    20180855
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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