UNIVERSITY PREMISES FINLAND

Promoter – Financial Intermediary

Suomen Yliopistokiinteistöt

Location

• Finland

Description

New construction, renovation and the upgrading of facilities for research as well as teaching at 10 universities in Finland outside the greater Helsinki region, including improvement in energy efficiency.

Objectives

The project improves the teaching and research infrastructure of the 10 universities, thus enhancing their ability to provide services. Futhermore, the new investments are planned in order to improve and increase inter-sectoral and inter-institutional co-operation and synergies. In addition, the project aims at improving the energy efficiency of the refurbished buildings over and above the objectives of the EU and the national EE Directive.

Sector(s)

• Education

Proposed EIB finance (Approximate amount)

EUR 100 million

Total cost (Approximate amount)

EUR 250 million

Environmental aspects

The project primarily concerns research activities that will be carried out within existing facilities. An EIA is therefore not required in accordance with the EIA Directive 2011/92/EU. However, parts of the investment may cover the construction of new facilities and therefore may be covered by Annex II of the Directive in relation to urban development. The Bank’s services will verify during appraisal whether an EIA is required for any component of the project.

Procurement

The promoter is required to respect national and European procurement legislation. The Bank requires the promoter to ensure that all relevant contracts for the implementation of the project have been tendered, or will be tendered, in accordance with the relevant EU procurement legislation.

Status

Signed - 22/01/2013