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    Reference: 20170163
    Release date: 28 June 2017

    Promoter – Financial Intermediary

    City of Jyväskylä



    The project supports a major urban development in the city of Jyväskylä concerning the remodeling, rehabilitation and extension of the Hippos sport hub and transforming it into Finland's largest innovative and energy efficient complex for sport, education, innovation and research.


    The project aims to improve the quality of the sport, education and research facilities and thus contribute to human capital formation as well as economic and social development in the city of Jyväskylä.


    Proposed EIB finance (Approximate amount)

    EUR 80 million

    Total cost (Approximate amount)

    EUR 298 million

    Environmental aspects

    The status of any environmental studies and public consultations related to the urban renewal and construction investments and compliance with the relevant EU directives will be verified during appraisal: Environmental Impact Assessment (EIA) Directive 2011/92/EU, Strategic Environmental Assessment (SEA) Directive 2001/42/EC, Habitats Directive 92/43/EEC and Birds Directive 2009/147/EC. It is expected that the project will have positive social benefits as education is an element of social cohesion. Energy efficiency requirements in line with the EU Directive on the energy performance of buildings 2010/31/EU and Directive 2012/27/EU on energy efficiency will be further assessed during project appraisal


    The Bank will require the promoter to ensure that contracts for the implementation of the project have been and will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2014/23/EU or 2014/24/EU or 2004/18/EC, where applicable, as well Directive 89/665/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required. The concession notice for the project has been published in the Official Journal of the EU.


    Approved - 19/09/2017


    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).

    Related tags

    Finland Services Education Urban development