Impact of the project on the balanced development of Finland
In terms of its size, duration and requirements,
the Fennovoima nuclear power plant construction
project is a major investment. At the
construction phase, the project will employ
thousands of people in Finland. The permanent
economic impact on both the immediate locality
and the surrounding region as a whole will
be considerable.
A nuclear power plant in a completely new location
will generate long-term industrial activity
and help consolidate the business structure
and economy of the surrounding region. Establishment
of a new nuclear energy company
will provide hundreds of permanent jobs for
decades ahead. Because of the long-term nature
of nuclear power production, the region will be
well placed to diversify its range of services.
All of the alternative Fennovoima nuclear power
plant sites are located in Government-defi ned
development areas, as specifi ed by Finnish Government
Resolution. The project is an example
of cooperation allowing the companies to focus
on long-term development of their operations
in Finland and their respective local strengths.
The Fennovoima project will contribute to the
balanced development of Finland without drawing
on central government budget funds.