All agreed loans

Finland. City of Tampere

Date of loan: 29 Jun 2016
Country: Finland
Customer: City of Tampere
Amount in EUR: EUR 50 million
Maturity: 18 years
NACE sector / loan type: Collection, purification and distribution of water
Business area: Infrastructure, transportation and telecom

This loan contributes to climate change mitigation: 23%
This loan has a positive effect on the Baltic Sea environment: 100%

Project

The loan has been provided to co-finance three investment projects by the city of Tampere with a combined cost of EUR 112 million.

1. The construction of a new pumping station at the Kaupinoja fresh water treatment plant (built in 1928) at the Näsijärvi lake and investments in water pipes. The upgraded pumping station will be able to provide good-quality water from two sources, which will improve water distribution in Tampere area, where the consumption of fresh water is increasing along with the expansion of the city. The same pumping station pipe will be used for sourcing raw water for the needs of Tampere’s district cooling. The construction is estimated to be completed by the end of 2017. Once launched, the capacity of the new pumping station will gradually reach 72,000 cubic metres a day.

2. The refurbishment of the International School of Tampere, with a capacity for 770 students, on the premises of a school built in 1954. The school building will be expanded and modernised for the needs of better energy efficiency. The refurbishment project is expected to be completed in 2017.

3. The expansion of the Tesoma School Campus, which combines primary and secondary schools with a capacity for more than a thousand students with a day care centre. The existing facilities, built in 1972 and 1983, will be modernised and refurbished for the needs of better energy efficiency. Completion is expected in 2018.

Fulfilment of NIB's mandate

The improvements to the fresh water supply will contribute to better living standards in the Tampere area, where urbanisation is progressing rapidly. The security of supply is further improved by the installation an infra-red water sanitising system. The school project will improve the quality of primary and secondary education in Tampere. Complete renovation of the schools will enable an increasing number of students to be accommodated. Investments in education at early stages of the learning process have considerable effects on skills development at later stages in life.

Sustainability summary

It is expected that the projects will conform to NIB’s Sustainability Policy and Guidelines.

Press release

Tampereella kohennetaan vedenjakelua ja kouluoloja Pohjoismaiden Investointipankin varoin

 

Press release

NIB bidrar till vattenförsörjning och skolombyggnad i Tammerfors