EUR 130 million loan for Helsinki education

Series Title
Series Details Vol.9, No.24, 26.6.03, p24
Publication Date 26/06/2003
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Date: 26/06/03

THE European Investment Bank (EIB) has signed a loan worth €130 million to support education facilities throughout the city of Helsinki.

The loan from the EU-owned long-term lender covers the construction and expansion of several comprehensive, upper secondary and vocational school building, bringing around 5000 extra student places.

Eva-Riita Siitonen, Lord Mayor of the City of Helsinki said: "Effective primary, secondary and university education provide a foundation of basic skills to enable individuals to play a full role in civil society.

"Appropriate investment in equipment, premises and facilities will provide a basis for continuing, lifelong learning. The EIB loan will make this possible."

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