VANTAA EDUCATION INFRASTRUCTURE III

Promoter – Financial Intermediary

VANTAAN KAUPUNKI

Location

• Finland

Description

The project finances selected education investments from the City of Vantaa's investment plan. This concerns both new construction and major renovations, including also extension and replacement of existing obsolete facilities. The sub-projects are located in different parts of the city and accommodate different levels of education from pre-primary to lower secondary education.

Objectives

By contributing to the modernisation and adaptation of school infrastructure in both early childhood education and care and basic education, the aim is to improve the quality of education in Vantaa and, more broadly, in Finland, and a better allocation of resources in the education sector. A good level of education and a good quality of education accessible to all are essential for the economic, social and intellectual development of a country. The project is in line with the European Education Area 2025 strategy, EU priorities and objectives, as well as national and local priorities in education. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate mitigation and climate adaptation. Therefore, the project is conformed with Article 309 point (c) common interest of the Treaty on the functioning of the European Union.

Sector(s)

• Education - Education

Proposed EIB finance (Approximate amount)

EUR 350 million

Total cost (Approximate amount)

EUR 737 million

Environmental aspects

Where and if applicable and based on a risk-based approach as defined in the EIB Group Environmental & Social Policy, the requirements of the Environmental Impact Assessment (EIA) Directive 2011/92/EU as amended by 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.

Procurement

The promoter has 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.

Status

Approved - 7/05/2025