Espoo elected YIT and Meridiam as the service providers of schools and day-care centres to be implemented with a new model

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2019-10-15 8:37
Piirroskuva rakentaminen

During the next five years, the City of Espoo will order several new schools and day-care centres, and a project company formed by YIT Oyj and Meridiam Investments II has been selected to manage their planning, construction, funding and maintenance.

This year, the City of Espoo has used a PPP model (Public Private Partnership) to tender a service package, and the service provider selected through the process will be in charge of the project’s funding, planning, construction and maintenance for a period of 20 years. According to this model, Espoo will pay the project company a service fee based on a usability rate.

The project company, comprising YIT and Meridiam Investments II, was chosen as the PPP project’s service provider based on their quality and price offer. The agreement is intended to be signed at the beginning of June 2020.

Eight project locations to be built

At the moment, the project includes the following schools and day-care centres in Espoo: Perkkaa school and youth centre and Perkkaa day-care centre, Nauriskaski school and Nöykkiönniitty day-care centre, Pohjois-Tapiola coeducational school, Kuitinmäki school and Kilo school and day-care centre. The objective is to have these new schools and day-care centres open during 2022–2024.

“The PPP project is a way in which to seek a more efficient use of space in the city’s schools and day-care centres and, thereby, accomplish a new kind of cost-efficiency. For example, we have achieved great improvements in the space efficiency of schools, without compromising their functionality,” says Olli Isotalo, Head of Espoo Technical and Environment Services