The European Investment Bank (EIB) is providing a EUR 125 million loan (PLN 500 million) for environment improvement investments in the city of Poznan and neighbouring municipalities.

The EIB loan will finance a number of water supply and wastewater treatment measures, including modernisation of the Mosina water intake and rehabilitation of water and sewerage networks in the centre of Poznan. By improving drinking water quality and reducing the pollution originating from some 750 000 residents, the project will contribute to the decrease in contamination of the Odra River and subsequently the Baltic Sea and will assist Poland in complying with its international obligations in the area of environmental protection and sustainable development.

The project is the most important undertaking to date financed by the EIB in the area of water and wastewater treatment in Poland. AQUANET SA, which is one of the largest water companies engaged in wastewater collection and treatment in Poland, is the borrower and the project's Promoter.

Mr Ivan Pilip, EIB Vice-President responsible for the Bank's operations in Poland stated: The improvement of the water quality in the Poznan region resulting in reduced pollution of the Odra River and Baltic Sea will lead to better public health and have positive consequences for recreation, agriculture and fisheries in the whole region.

The EIB, the European Union's long-term financing institution, has provided in total approximately EUR 10 billion for projects in Poland since 1990. Financing projects improving and protecting the natural and urban environments is one of the Bank's priorities in Poland. The EIB contributes in this way to reducing the past deficit in investment in environmental facilities and helps Poland to comply with EU standards.