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    Signature(s)

    Amount
    € 101,520,828.35
    Countries
    Sector(s)
    Finland : € 101,520,828.35
    Transport : € 101,520,828.35
    Signature date(s)
    9/06/2015 : € 101,520,828.35
    Link to source

    Summary sheet

    Release date
    6 May 2014
    Status
    Reference
    Signed | 09/06/2015
    20130595
    Project name
    Promoter - financial intermediary
    E18 PPP HAMINA-VAALIMAA PRIORITY TEN-T
    FINNISH TRANSPORT AGENCY
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 102 million
    EUR 392 million
    Location
    Sector(s)
    Description
    Objectives

    The project is 32 km greenfield 4-lane motorway leading to Russian border. It is part of the TENT-T core network, Scandinavian - Mediterranean network corridor and an important route for Finnish and international cargo to Russia. The project is likely to be procured as a PPP.

    The Hamina-Vaalimaa motorway project includes the construction of 32 km greenfield 2x2 motorway and improvements to 37 km of secondary and private roads, most of which are existing roads. The projects also includes a truck waiting area south of the border station towards Russia to provide better facilities for trucks and local residents who are presently affected by undesired queuing on the existing E18 single carriageway.

    Environmental aspects
    Procurement

    The project falls under Annex I of the EIA Directive 85/337/EEC, as amended by Directives 97/11/EC and 2003/35/EC hence an EIA is mandatory. In addition the Bank will confirm whether a separate Strategic Environmental Assessment, in accordance with the (SEA) Directive 2001/42/EC, has been done for the project. Compliance with the Habitats Directive (92/43/EEC) and Birds Directives (79/409/EEC) will be examined during appraisal to determine what impact the project has on these areas. The promoter has advised that the project does not pass through any Natura 2000 areas. The nearest Natura 2000 area (Rajasuo) is located slightly more than 1.5 km north of the future motorway alignment. Another Natura 2000 area (Kirkkojärvi) is located west of the project road near Hamina but does not appear to be affected by this project. It has been reported that flying squirrels have been sighted in the vicinity of the project alignment. These aspects will be further reviewed during appraisal.

    The project is expected to be procured as a PPP. The Service Provider will be responsible to design, build, finance and maintain the investment. The concession period is expected to be 15-20 years. The Public Promoter will select the Service Provider under an international procurement procedure, which is expected to start in 2014 through 2015. The procedures along with compliance on Directive 2004/18/EC will be determined during appraisal.

    Link to source

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Documents

    Non-Technical Summary (NTS) - E18 PPP HAMINA-VAALIMAA PRIORITY TEN-T
    Publication Date
    15 May 2014
    Document language
    Main Topic
    Lending
    Document Number
    52806700
    Document Focus
    Environmental Information
    Project Number
    20130595
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Impact Assessment (ESIA) - E18 PPP HAMINA-VAALIMAA PRIORITY TEN-T
    Publication Date
    18 Jul 2014
    Document language
    Main Topic
    Lending
    Document Number
    53719070
    Document Focus
    Environmental Information
    Project Number
    20130595
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Data Sheet (ESDS) - E18 PPP HAMINA-VAALIMAA PRIORITY TEN-T
    Publication Date
    23 Jul 2014
    Document language
    Main Topic
    Lending
    Document Number
    53800767
    Document Focus
    Environmental Information
    Project Number
    20130595
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now
    Environmental and Social Completion Sheet (ESCS) - E18 PPP HAMINA-VAALIMAA PRIORITY TEN-T
    Publication Date
    12 Dec 2020
    Document language
    Main Topic
    Lending
    Document Number
    131333927
    Document Focus
    Environmental Information
    Project Number
    20130595
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
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