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Signature(s)

Amount
€ 54,000,000
Countries
Sector(s)
Finland : € 54,000,000
Health : € 21,600,000
Education : € 32,400,000
Signature date(s)
20/12/2007 : € 21,600,000
20/12/2007 : € 32,400,000
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Summary sheet

Release date
30 October 2006
Status
Reference
Signed | 18/12/2007
20060188
Project name
Promoter - financial intermediary
Finnish Health and Education
The Cities of Tampere, Lahti, Kuopio and Jyväskylä.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 90 million.
Approximately EUR 180 million.
Location
Sector(s)
Description
Objectives

Provision of new or improvement/expansion of existing education, health and social care facilities in the above-mentioned cities. In all cases, the investments form part of a wider modernisation programme of services provided by these municipalities and have two components. The human capital component includes the construction and rehabilitation of child day-care centres, primary and secondary schools and health centres; and the social care component aims to improve and/or expand services directed at groups at risk of exclusion.

The project is part of a broader strategic framework and its implementation should contribute to the reorganisation and streamlining of education, health and social services in the four cities concerned; in this way, it should contribute to the economic and social development of the cities of Tampere, Lahti, Kuopio and Jyväskalä.

Environmental aspects
Procurement

Some components of the project could be seen as urban development projects, therefore falling under Annex II of EC Directive 97/11 on Environmental Impact Assessment (EIA). For each scheme, the basis for requesting (or not) an EIA by the competent authorities, the local planning and approval process and actual/possible significant impacts on protected flora and fauna (Habitats and Bird Directives) will be verified during project appraisal.

The promoters are required to respect national and European legislation applicable to public authorities' procurement. The municipalities' respective construction departments are responsible for procurement activities. Detailed procedures will be examined during appraisal.

Comments

Human capital (education and health) and i2i; and improvement of the urban environment.

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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).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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