POLAND SOCIAL HOUSING FL

Promoter – Financial Intermediary

BANK GOSPODARSTWA KRAJOWEGO

Location

• Poland

Description

Framework loan to co-finance a national programme for refurbishment and new construction of rental social housing throughout Poland. The loan will be intermediated through Bank Gospodarstwa Krajowego (BGK), the national development bank, which will on-lend loan proceeds to non-profit social housing enterprises (TBS) or other eligible housing operators implementing the project.

Objectives

The framework loan will help meet Poland's national housing needs by providing access to social and affordable housing for low and moderate-income households with a focus on areas not covered by previous national social housing programmes.

Sector(s)

• Urban development

Proposed EIB finance (Approximate amount)

PLN 800 million

Total cost (Approximate amount)

PLN 3000 million

Environmental aspects

The project is a multi-scheme operation classified as a framework loan. Some of the schemes may fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU, or may have an impact on an area forming part of the Natura 2000 network. It is a requirement that all schemes must be implemented in compliance with EU environmental legislation.

Procurement

The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Directives 2004/18/EC and/or 2004/17/EC as well as Directives 89/665/EEC and 92/13/EEC) as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Status

Signed - 17/12/2015