Release date: 22 May 2007
Promoter – Financial Intermediary
Civil Aviation Administration - FinaviaLocation
Description
The project concerns the extension of Helsinki-Vantaa Airport's international terminal, development of a new baggage-handling centre and construction of associated airside and landside infrastructure.
Objectives
Helsinki-Vantaa Airport provides an important gateway to Finland for travellers from Europe and the rest of the world. To accommodate expected future traffic growth, the promoter wishes to expand the airport's capacity, amongst others by an extension of the international terminal and the implementation of a new baggage-handling centre.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 100 million.
Total cost (Approximate amount)
EUR 200 million.
Environmental aspects
The project is classified under Annex II of Council Directive 85/337 as amended by Directive 97/11/EC, thus requiring a decision by the competent authority whether or not formal Environmental Impact Assessment process is required. The Bank will review the decision taken by the competent authority. The project represents a relatively modest incremental increase in passenger capacity for the terminal and is unlikely to have significant environmental impact.
Procurement
The Bank will require the Promoter to ensure that contracts for the implementation of the project are tendered in accordance with the relevant applicable EU procurement Directive (2004/17/EC), with publication of tender notices in the EU Official Journal, as and where appropriate and will examine the procurement procedures during appraisal.
Status
Signed - 10/07/2007