Signature(s)
Summary sheet
The proposed operation aims at eligible small and medium-scale investments in Poland implemented by public promoters of any size, contributing to the regional development, improvement of environmental protection, quality of life, development of i2i, rational use of energy, health and education in Poland.
The Bank's global loan would allow the intermediary to increase and diversify its long-term funding sources and to step up its longer-term financing of eligible projects. Furthermore, extension of the cooperation with the Bank's intermediaries in Poland will result in better service for the final beneficiaries, lower financing costs and enhance the Bank's presence within the municipal sector in Poland.
The Borrower will be requested to ensure compliance of the sub-projects with national legislation and EC Directives as appropriate.
The Bank will require the Promoter to ensure, where applicable, that the investments to be financed under the present operation will comply with EU procurement Directives.