NIB Nordic Investment Bank

Loan

Finland. Keski-Suomen sairaanhoitopiiri

Date of loan: 10 Jul 2017
Country: Finland
Customer: Keski-Suomen sairaanhoitopiiri
Amount in EUR: EUR 100 million
Maturity: 25 years
NACE sector / loan type: Construction

Sectors

Infrastructure, transportation and telecom

Project

The loan has been provided for a new central hospital in Jyväskylä in central Finland. Construction work started in September 2016 and is expected to be completed in 2020. The total cost of the project, including construction, ICT, medical and other equipment, is estimated at approximately EUR 500 million.

The new facilities will allow for the introduction of state-of-the-art technology and reorganisation of service delivery models, which will result in higher quality of service and cost savings.

Keski-Suomen sairaanhoitopiiri (the Central Finland Health Care District) is a joint municipal authority that provides specialised medical care services in 21 member municipalities with the total population of 250,000 inhabitants. At the end of 2015, the health care district employed 3,800 people, including 466 doctors.

Fulfilment of NIB's mandate

Competitiveness:

The project enables the planned increase in productivity of the regional hospital in Jyväskylä. The hospital has a long-term target to cut operational costs by 10% compared to those in 2011. The new hospital will be designed to increase the utilisation rate of rooms by more efficient patient and personnel logistics. The centralisation of treatment facilities is expected to bring synergies from cooperation with the units and improved integration of different phases of treatment episodes.

Environment:

The total use of energy of the new hospital is estimated to be approximately 44,200 MWh a year. The hospital will utilise waste and geothermal energy in heat production, which will cover about one third of the hospital’s energy consumption. The rest will be purchased, and the associated increase in CO2 emissions is estimated at approximately 9,000 tonnes a year. The new building is designed to meet energy efficiency Class C. A new waste management concept for the hospital is being developed to reduce waste generation and to improve the recycling rate by 10–20%.

Sustainability summary

The project is not predicted to have any significant negative environmental or social impacts.

Back to agreed loans

  • AR2016

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