NIB to finance Finland's largest academic library

NIB to finance Finland's largest academic library

ID: 55718

(Thomson Reuters ONE) -


The Nordic Investment Bank (NIB) has signed a loan agreement with the University
of Helsinki Funds. The loan, totalling EUR 27 million, will be used for the
construction of Finland's largest academic library.


The University of Helsinki, Finland's oldest, largest and most multi-
disciplinary university, is developing its library structure. The new library
will be situated in Helsinki city centre, with construction works having begun
in 2010 and expected to be completed in 2012.

Currently, the University Library's city centre campus has library facilities,
administration and services spread out over 11 separate locations. By joining
five faculty libraries, the university aims to provide more comprehensive and
efficient library services for the more than 22,000 students and 1,000 teachers
and researchers who use the city centre campus.

"Higher education is central to maintaining and promoting the Finnish innovation
society. By financing the construction of a new academic library through the
University of Helsinki Funds, NIB seeks to support the competitiveness and
sustainable growth of Finland," says Johnny Åkerholm, President and CEO of NIB.

The project also comprises important infrastructure investments aimed at
enhancing the environment. The energy savings created by the new library
building are expected to reduce annual CO(2) emissions by some 2,000 tonnes per
year. Furthermore, the University of Helsinki seeks to attain the
internationally-recognised LEED (Leadership in Energy and Environmental Design)
for New Construction gold certification for its new library. This would be the
first gold certificate awarded to a public building in Finland.

The University of Helsinki Funds operates as a separate entity from the
University of Helsinki, with the aim of supporting the university's operations,
research, teaching and students.





NIB is a multilateral financial institution owned by eight member countries:
Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The
Bank finances private and public projects in and outside the member countries.
NIB has the highest possible credit rating, AAA/Aaa, with the leading rating
agencies Standard & Poor's and Moody's.

For further information,
Mr Sebastian Påwals, Senior Manager Origination, at +358 10 618 0527,
sebastian.pawals(at)nib.int
Ms Nina Näsman, Communications, at +358 10 618 0417, nina.nasman(at)nib.int






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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.

Source: NIB NORDIC INVESTMENT BANK via Thomson Reuters ONE

[HUG#1524609]


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Datum: 21.06.2011 - 09:01 Uhr
Sprache: Deutsch
News-ID 55718
Anzahl Zeichen: 3250

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