Release date: 3 September 2019
Promoter – Financial Intermediary
KYMENLAAKSON SOSIAALI- JA TERVEYSPALVELUJEN KUNTAYHTYMAELocation
Description
The project concerns the rehabilitation and extension of the Kymenlaakso Central Hospital in Kotka, as well as the construction of a new community hospital in Kouvola. These are to be designed and equipped with a strong emphasis on the integration between primary and specialised care as well as social services.
Objectives
The benefits are expected to arise from the project's contribution to the overall health strategy of the region through appropriately configured infrastructure and organisation of care. The investment will in fact allow for the reorganisation of service delivery and the introduction of up-to-date technologies to improve efficiency and effectiveness in order to respond to the evolving demographic and epidemiological needs of an aging population. The soundness and quality of the underlying project, including its financial affordability and wider impacts on the community, will be examined and confirmed during appraisal.
Sector(s)
- Health - Human health and social work activities
Proposed EIB finance (Approximate amount)
EUR 120 million
Total cost (Approximate amount)
EUR 240 million
Environmental aspects
Hospitals are not specifically mentioned in the Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/EU, though the project is covered by Annex II of the Directive in relation to urban development. The EIB will verify during appraisal the screening decision of the Competent Authority. It is expected that the project will bear wider benefits to the community as healthcare is an element of social cohesion and economic development.
Procurement
The EIB will require the promoter to ensure that contracts for the implementation of the project shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2014/24/EU and/or 2014/25/EU and/or 2014/23/EU as well as Directives 89/665/EEC and 92/13/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.
Status
Signed - 13/12/2019
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).