The European Investment Bank (EIB) is lending PLN 250 million (approx. EUR 60 million) to co-finance the implementation of the long-term investment plan of the City of Zielona Gora located in south-west Poland.
The EIB funds will support small and medium-sized investments of the municipality of Zielona Gora in various sectors, aimed in particular at modernising transport and local roads, enhancing energy efficiency, including street lighting, and increasing public buildings’ thermal insulation. In addition, the EIB loan will serve to upgrade the city’s education facilities, cultural and historical heritage, recreational infrastructure and public buildings. The largest sub-project to be financed is related to a multi-purpose sports complex. All the schemes are planned to be completed by the end of 2013.
Mrs Marta Gajęcka, EIB Vice-President responsible for lending in central and eastern Europe, including Poland, commented: “The EIB funds, in combination with EU grants, will facilitate the completion of priority projects of Zielona Gora that will contribute to the strengthening of economic competitiveness and make the city a better place to live. New projects will create a number of job opportunities and therefore help better face the consequences of the current economic crisis”.
Mr Janusz Kubicki, President of the Zielona Góra Municipality, stated: “The EIB loan represents a significant opportunity for further development of our city. It provides us with financial security and a chance to enhance the attractiveness of Zielona Gora and increase the quality of life for its citizens”.
The EIB has very well developed cooperation with Polish municipalities, utility companies and regions. Since 2007 alone, EIB loan commitments in this regard in Poland have reached some EUR 1.26 billion, including the current loan.
Background:
The mission of the EIB, the European Union’s bank, is to contribute to the integration, balanced development and economic and social cohesion of the EU Member States by financing sound investment. Poland is the 6th biggest recipient of EIB loans worldwide (after Spain, Germany, Italy, France and the UK) and the major customer of the EIB in central and eastern Europe.
Last year, the EIB not only increased its lending commitments in Poland by 70% but also diversified its activity by sectors providing increased support to water and transport utilities, renewable energy projects and energy efficiency schemes. As in previous years the Bank continued to support national government investments in the areas of RDI and road infrastructure and co-financed various FDI projects in Poland.
The EIB funds will support small and medium-sized investments of the municipality of Zielona Gora in various sectors, aimed in particular at modernising transport and local roads, enhancing energy efficiency, including street lighting, and increasing public buildings’ thermal insulation. In addition, the EIB loan will serve to upgrade the city’s education facilities, cultural and historical heritage, recreational infrastructure and public buildings. The largest sub-project to be financed is related to a multi-purpose sports complex. All the schemes are planned to be completed by the end of 2013.
Mrs Marta Gajęcka, EIB Vice-President responsible for lending in central and eastern Europe, including Poland, commented: “The EIB funds, in combination with EU grants, will facilitate the completion of priority projects of Zielona Gora that will contribute to the strengthening of economic competitiveness and make the city a better place to live. New projects will create a number of job opportunities and therefore help better face the consequences of the current economic crisis”.
Mr Janusz Kubicki, President of the Zielona Góra Municipality, stated: “The EIB loan represents a significant opportunity for further development of our city. It provides us with financial security and a chance to enhance the attractiveness of Zielona Gora and increase the quality of life for its citizens”.
The EIB has very well developed cooperation with Polish municipalities, utility companies and regions. Since 2007 alone, EIB loan commitments in this regard in Poland have reached some EUR 1.26 billion, including the current loan.
Background:
The mission of the EIB, the European Union’s bank, is to contribute to the integration, balanced development and economic and social cohesion of the EU Member States by financing sound investment. Poland is the 6th biggest recipient of EIB loans worldwide (after Spain, Germany, Italy, France and the UK) and the major customer of the EIB in central and eastern Europe.
Last year, the EIB not only increased its lending commitments in Poland by 70% but also diversified its activity by sectors providing increased support to water and transport utilities, renewable energy projects and energy efficiency schemes. As in previous years the Bank continued to support national government investments in the areas of RDI and road infrastructure and co-financed various FDI projects in Poland.