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The financing is dedicated to support the development strategy of the City of Szczecin which focuses on enhancing of the quality of life, developing a modern and competitive economy, supporting human capital and improving the attractiveness of the metropolitan area. More detailed operational objectives pertinent to this operation include the revitalisation of the urban space, support for the local entrepreneurship, development of tourism, improvement of education facilities and transport accessibility of the city.
The project comprises selected elements of the investment programme of the Polish city of Szczecin, which is located in a Convergence region. The project is therefore eligible under Article 309 point (a) projects for developing less-developed regions and point (c) common interest: sustainable communities.
The project comprises a multi-scheme operation classified as a Framework Loan and some of the schemes may eventually fall under Annex I or Annex II of the EIA Directive 2011/92/EU. Should any such scheme have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC), the Bank would require the promoter to act according to the provisions of the aforementioned Directives as transposed into the national law. It is a requirement that all schemes must be implemented in compliance with the EU environmental legislation.
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 (Dir 2004/18/EEC or Dir 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate.