The European Investment Bank (EIB) has approved a EUR 100 million (USD 104.8 million) tranche of funding bringing the total amount loaned to EUR 480 million (US$ 503 million) for the Laakso hospital complex in Helsinki, Finland.

The planned hospital will bring together psychiatric and neurological treatment, rehabilitation, geriatric and palliative care, enhancing medical services and accessibility for more than 1.7 million residents of the Uusimaa region in which Helsinki is located. New hospital buildings are being constructed, and two old buildings are being renovated, with the project expected to be completed by 2030.

The project involves collaboration between the City of Helsinki and HUS Group, the joint authority for Helsinki and Uusimaa. It will offer patients and healthcare professionals a modern, integrated healthcare environment. The hospital will feature mental health and neurology wards, outpatient centres, and specialized units including a drug-addiction center and an eating disorders department. Dedicated services for adolescent and children's mental health, as well as palliative care, will be provided. Strategically located in the Laakso area, the hospital will connect directly to the Helsinki University Hospital complex via an 800-meter tunnel, ensuring seamless access to specialized care and rehabilitation services.