The social development bank in Europe

Improving municipal infrastructure in the City of Turku 2

  • Approval date

    25 January 2019

  • Borrower

    City of Turku

  • Country

    Finland

  • Loan size

    € 50 000 000

  • Line of action

    Sustainable and inclusive growth
    Climate action: developing adaptation and mitigation measures

  • Status

    In progress

Additional request for an amount of €50 million for an increase of LD 1956 (2018) to a total amount of €100 million to part-finance investments in municipal infrastructure (Improving living conditions in urban and rural areas sector) which foresees the construction of additional buildings and renovation of existing facilities. The PFF (Public sector Financing Facility) will benefit a wide range of persons including children, young people, families, students, teaching staff, residents using municipal premises, the elderly, as well as people with disabilities and senior citizens living in serviced apartments.