Finland, June 26 -- The urban development project in Joensuu is supported by the European Union under the Public Sector Loan Facility (PSLF), with a grant of €18 million complementing a €120 million loan from the European Investment Bank (EIB) and bringing the total project budget to €160 million. The remaining financing is provided by the City of Joensuu through its own resources (€22 million).The project will help the City of Joensuu and the North Karelia region prepare for the planned end of peat-based energy production by 2030. As the region shifts towards cleaner energy sources, the project aims to create jobs, support local businesses and improve public services.Working together with housing provider Joensuun E...