We still have to wait for the investment decision of Oulu’s Kiikeli sea spa project in Oulu. The city is considering transferring the allocation to next year.
Oulu’s sea resort was supposed to be ready a year ago in the summer, but no investment decision has been made, as the final investment decision has moved to 2023.
According to Nordic Urban, which is behind the project, the transition has been particularly influenced by the rapid changes in the interest rate market and the difficult predictability of construction costs, which is a result of the general economic situation.
The city of Oulu had already prepared 1.9 million euros for the project’s preparatory work this year, but due to the transfer of the project, the allocation is now being transferred to next year’s budget. The city council will discuss the matter on Monday.
Nordic Urban’s subsidiary Allas Sea Pool is located behind Oulu’s Kiikeli sea spa.
*Follow what’s happening near you.* *Read**more news from North Ostrobothnia.*
*You can discuss the topic on 29.10. until 11 pm!*