TURKU URBAN INFRASTRUCTURE

The project consists of the financing of a multi-sector investment programme for the City of Turku in Finland for the 2017-2022 period. The project is expected to comprise small to medium-sized schemes related to education, culture, social housing, energy, transport and other urban infrastructure.

The city's long-term investment strategy aims to modernise the city's basic infrastructure and improve the quality of public services. The plan includes several components - street refurbishment, school upgrading, renovation of cultural buildings, reconstruction of social facilities, construction of social housing - to be implemented over the next five years.

Finland, as an EU Member State, has harmonised its environmental legislation in line with the relevant EU Directives (2011/92/EU Directive and 2001/42/EC). The Bank's appraisal will focus on the promoter's environmental management capacity to properly apply the EU Strategic Environmental Assessment (SEA) Directive 2001/42/EC, the EU Environmental Impact Assessment (EIA) Directive 2011/92/EU, as well as the requirements of the Habitats and Birds Directives where appropriate. Compliance with the EU Directive on the Energy Performance of Buildings (recast) (2010/31/EU) will be further examined during the appraisal.

The Bank will require the promoter, as a public administration entity, to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir. 2004/18/EEC and/or 2004/17/EEC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the EU, as and where appropriate.