14 Mar 2019
EUR 102.26 million
Financial institutions and SMEs
|Date of loan:||12 Dec 2013|
|Customer:||City of Lahti|
|Amount in EUR:||EUR 30 million|
|NACE sector / loan type:||Health and social work|
|Business area:||Infrastructure, transportation and telecom|
The loan has been provided for the renovation and upgrade of the hospital in the city of Lahti, Finland. The city is investing EUR 65.3 million in the improvement of the hospital’s productivity in the period until 2020. The project includes the construction of a new hospital building and the refurbishment and upgrade of several hospital buildings located within the Lahti hospital area.
Competitiveness: The upgrade of the hospital operations is expected to yield up to 14% gains in labour productivity and improve health outcomes due to improvements in collaboration between treatment units and faster transfer of elderly patients to rehabilitation and managed treatment at home. The project will therefore reduce the costs related to aging population, which is one of the main challenges for public finances of Finland in the coming decades. In Lahti, the demand for healthcare services to people over 75 years old is going to double over 2013-2040. In order to accommodate such increase, labour productivity of the healthcare system must be improved.
Environment: Modern construction technologies used in the renovation and upgrade of the hospital complex will allow reducing the energy usage.
No major environmental concerns have been identified and the project is expected to be in compliance with applicable environmental requirements.