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Summary sheet

Release date
10 October 2025
Status
Reference
Approved | 24/11/2025
20250237
Project name
Promoter - financial intermediary
JOENSUU SOCIAL INFRASTRUCTURE PSLF
JOENSUUN KAUPUNKI
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 120 million
EUR 172 million
Location
Sector(s)
Description
Objectives

The project will enhance the city's educational infrastructure including both new construction and major renovation works.

The project aims to support investments in education, from pre-school to secondary level, as well as other teaching facilities and affordable student housing. It is expected to deliver approximately 30?000?m² of renovated teaching space and around 18?000?m² of new or upgraded student accommodation.

Environmental aspects
Procurement

Where and if applicable and based on a risk-based approach as defined in the EIBG E&S Policy, the requirements of the Environmental Impact Assessment Directive (EIA) 2011/92/EU as amended by EIA Directive 2014/52/EU, Birds Directive 2009/147/EC, Habitats Directive 92/43/EEC and EU Directive on Energy Performance of Buildings will be checked during appraisal.

The Bank will require the promoter to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/24/EU as well as Directive 89/665/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.

Milestone
Under appraisal
Approved
24 November 2025
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) - JOENSUU SOCIAL INFRASTRUCTURE PSLF
Publication Date
26 Nov 2025
Document language
Main Topic
Lending
Document Number
255263547
Document Focus
Environmental Information
Project Number
20250237
Sector(s)
Regions
Countries
Publicly available
Download now
Other links

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 Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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