EIB Commits €235 Million to Modernize Uusimaa Hospitals and Build Sustainable Schools in Vantaa

EIB Commits €235 Million to Modernize Uusimaa Hospitals and Build Sustainable Schools in Vantaa

(IN BRIEF) The EIB is extending €235 million in loans to enhance public services in Finland’s Uusimaa region: €135 million for upgrading three major hospitals under Helsinki University Hospital’s broader €300 million program, and €100 million for building and refurbishing over 30 educational facilities in Vantaa as part of a €350 million scheme. Projects focus on improving patient access to specialized care, bolstering medical education and creating energy-efficient school spaces for 11,000 students across more than 160,000 m². The investments align with the EIB’s goals of sustainable urban development, social inclusion and climate action. Key stakeholders—including EIB Vice-President Thomas Östros, HUS CFO Jari Finnilä and Vantaa Mayor Pekka Timonen—highlight the long-standing partnership and the positive impact on community services. Completion is targeted by end-2026 for hospitals and within five years for schools. Over the last decade, the EIB has directed over €3.8 billion into Finnish healthcare and education.

(PRESS RELEASE) LUXEMBOURG, 13-Jun-2025 — /EuropaWire/ — The European Investment Bank (EIB) has committed €235 million in two separate loan agreements to bolster essential public infrastructure in southern Finland’s Uusimaa region. This funding package will elevate healthcare capabilities in Helsinki, Espoo and Vantaa and expand modern educational facilities in Vantaa.

Under the first arrangement, the EIB will provide €135 million toward a €300 million financing scheme with Helsinki University Hospital (HUS), the authority overseeing specialized care in the Uusimaa area. These funds will facilitate the refurbishment and energy‐efficiency upgrades of key medical centers, including Meilahti Hospital in Helsinki, Jorvi Hospital in Espoo and Peijas Hospital in Vantaa. The project aims to broaden patient access to specialized treatments and reinforce medical training resources.

Simultaneously, a €100 million loan—part of a broader €350 million package—will back the construction and renovation of over 30 educational venues in Vantaa, including schools, daycare centers and sports facilities. This investment will create more than 160,000 m² of state-of-the-art learning environments for over 11,000 students, incorporating best practices in sustainability and energy savings.

“These initiatives will tangibly enhance everyday life for tens of thousands of Finns,” stated EIB Vice-President Thomas Östros. “By financing cutting-edge, environmentally responsible hospitals and schools, we’re investing directly in people and their communities.”

Both financings underscore the EIB’s commitment to sustainable urban growth, social cohesion and climate action through energy-efficient infrastructure. HUS Chief Financial Officer Jari Finnilä praised the Bank as “an important and reliable partner,” noting decades of successful collaboration. Vantaa Mayor Pekka Timonen added that “long-term EIB funding is crucial to our school modernization efforts.”

Most hospital upgrades in Uusimaa are slated for completion by the end of 2026, while Vantaa’s educational projects will wrap up within the next five years. Over the past ten years, the EIB has invested more than €2.1 billion in Finnish healthcare and €1.7 billion in education, financing landmark projects such as the Laakso Hospital and modern schools in Tuusula, Helsinki and Turku.

Background information  

EIB

The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.

The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

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Media contacts:

Kristiina Randmaa
k.randmaa@ext.eib.org
+352 4379 – 72894

Press Office
press@eib.org
+352 43791

SOURCE: European Investment Bank