Date
Timeline Description

The loan to Finland aims at providing a basis for the expansion of the woodworking industries as well as general industrial activity through the provision of electric energy at reasonable rates.

Detail Description

At the time of the loan's approval, woodworking is Finland's major source of dollar earnings and consumer of electric energy. The objective of the Power, Woodworking and Agricultural Project is to provide a basis for the expansion of the woodworking industries as well as general industrial activity through the provision of electric energy at reasonable rates. The loan will finance 14 projects in the woodworking and electric power industries, as well as land clearance, drainage, and the building of forest roads.

Image Timeline
View inside the cofferdams at Petajaskoski on the Kemi River in Finland (1721443; Credit: The World Bank).
Image Timeline Caption

View inside the cofferdams at Petajaskoski on the Kemi River in Finland (1721443; Credit: The World Bank).

Resource
Title
Industry Project
Description
P037367: Approved April 29, 1952
The profile contains project and financial information and lists of project documents and archival records.
Image
Industry Project
Event
15
Title
Report on Bank mission to Finland
Image
Report on Bank mission to Finland
Description
Nov. 1951
The report provides detailed information on the mission to Finland. The mission's main objective was to obtain more knowledge about the Finnish investment program (1368376).
Event
15
Title
Correspondence from S. S. Tuomioja to R. L. Garner
Image
Correspondence from S. S. Tuomioja to R. L. Garner
Description
May 29, 1951
Governor of Suomen Pankki-Finlands Bank, Sakari Tuomioja, informs World Bank Vice President, Robert Garner, about the planned investigation of Finland's investment needs in line with the questionnaire prepared by the Bank (1368376).
Event
15
Image
Dam under construction on Kemi River
Title
Dam under construction on Kemi River
Description
1955
Construction stage No. 2 of the regulation dam at Petajaskoski on the Kemi River in Finland (1721443; Credit: The World Bank).
Event
15
Image
Dam under construction on Kemi River
Title
Dam under construction on Kemi River
Description
1956
The regulation dam under construction at Petajaskoski on the Kemi River in Finland (1721443; Credit: The World Bank).
Event
15
Image
Spillway construction site
Title
Spillway construction site
Description
1955
View inside the cofferdams at Petajaskoski on the Kemi River in Finland (1721443; Credit: The World Bank).
Event
15
Title
Power Woodworking and Agricultural Project: Technical Report
Image
Power Woodworking and Agricultural Project: Technical Report
Description
Document date: April 10, 1952
The report summarizes and analyzes the fourteen projects for Finland.
Event
15
Title
Power and Woodworking Projects: Appraisal Report
Image
Power and Woodworking Projects: Appraisal Report
Description
Document date: March 7, 1955
Section C of the appraisal report gives a status update on the project as of 1955.
Event
15
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