All agreed loans

Finland. City of Lahti

Date of loan: 17 Dec 2018
Country: Finland
Customer: City of Lahti
Amount in EUR: EUR 10 million
Maturity: 5 years
NACE sector / loan type: Construction
Business area: Infrastructure, transportation and telecom

Project

The loan has been provided to finance a municipal school and pre-school investment programme that includes the construction of three new educational centres (Laune, Rakokivi and Humpula) as well as the extension and renovation of two existing school facilities (Kivimaa and Länsiharju) in the city of Lahti in southern Finland.

The investment programme will improve educational conditions for around 3,300 children in school and in pre-school facilities. The total amount of the investment is EUR 100 million, covering the project work in 2017–2022.

The number of children in schools and day care centres has increased in the educational district, and this growth is estimated to continue in the coming years. In addition to rising demand, the need for investment has increased because of the aging day-care centres, which require renovation, and a reduction in the number of family day care providers.

Lahti is a city of 120,000 residents and the centre of a region of 200,000 people.

Fulfilment of NIB's mandate

Productivity:

The project consists of building five new educational facilities. The new buildings are equipped with modern learning facilities that have better capacity to meet new educational standards. The improvements will have positive impacts on the academic and labour market outcomes of the region’s children, especially, in early education and on children with less-advantaged socioeconomic backgrounds.  

Environment:

With this investment, Lahti is also targeting improved energy efficiency and reduced energy usage in the educational facilities. The improved energy efficiency will be achieved through improving thermal insulation, utilising modern technical efficiency solutions and installing LED lighting.

NIB has assessed that new construction solutions will decrease the buildings’ total energy use by 4.1 GWh, and the energy efficiency gains are approximately 40%.

Sustainability summary

The project has been assessed as not having significant negative environmental or social impacts.

Press release

NIB rahoittaa uusien koulujen rakentamista Lahdessa

 

Press release

NIB finansierar nya skolor i Lahtis