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    Reference: 20190251
    Release date: 30 September 2019

    Promoter – Financial Intermediary

    LAHDEN KAUPUNKI

    Location

    Description

    The project will finance a new construction and major renovations of pre-primary education to vocational training infrastructure to be located in different areas of the City of Lahti, the eighth largest city in Finland. Some cultural and sport facilities are also expected to be included in the project.

    Objectives

    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.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 100 million

    Total cost (Approximate amount)

    EUR 233 million

    Environmental aspects

    Directive 2014/52/EU amending the Environmental Impact Assessment (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.

    Procurement

    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 publication of tender notices in the EU Official Journal, as and where required.

    Status

    Signed - 30/06/2020

    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).

    Related tags

    Finland Education