NIB funds new hospital in Kainuu, eastern Finland

NIB funds new hospital in Kainuu, eastern Finland

NIB funds new hospital in Kainuu, eastern Finland

The FINANCIAL -- NIB and Kainuu Social and Health Care Authority have signed a 30-year loan agreement of EUR 76 million for the construction of a new central hospital of Kainuu region in eastern Finland.

The loan will finance the construction of the main hospital building and a logistics terminal. The new campus will replace a hospital built in 1969. A small part of the old building will be renovated, while the rest will be demolished. Further, although the new hospital complex will have a larger gross area than the existing facilities, the overall energy use will decrease by at least 25%, according to NIB.

“The investment will help Kainuu regional hospital introduce state-of-the-art healthcare models and increase productivity, while reducing costs, also due to better energy efficiency”, says Henrik Normann, NIB President.

Construction started at the beginning of 2017 and is scheduled to be completed in 2021. The budget of the construction project totals EUR 153 million.

Kainuu Social and Health Care Authority is a public regional organisation that provides social and health services in the Kainuu region in eastern Finland.