The European Investment Bank (EIB) has extended a PLN 238m (around EUR 57m) loan to finance the rehabilitation of a hospital in the city of Torun, Poland – the first public-sector transaction in the country benefitting from the EU budget guarantee under the European Fund for Strategic Investments (EFSI).
The EIB funds will co-finance the reconstruction and fitting-out of the Rydygier Hospital, which is owned and managed by the Kujawsko-Pomorskie Region. The project is part of an investment programme focused on achieving the technical and professional hospital standards required by Polish and European law.
EIB Vice-President Vazil Hudák stated: “This transaction is significant in two respects: it is the first EFSI public-sector project in Poland as well as a model for combining EFSI financing with EU grant support in the innovative form of a financial instrument. This is a pioneering project, which is likely to be followed by other sub-sovereigns, and should be an inspirational case-study for other regions or Member States”.
European Commissioner Elżbieta Bieńkowska, responsible for Internal Market, Industry, Entrepreneurship and SMEs, said: "The upgrading of theRydygier Hospital is very good news for the residents of Torun and the surrounding area. The Investment Plan for Europe is committed to financing projects in the health and social sectors, and today's signature is proof of that. I encourage other project promoters in Poland to contact the European Investment Bankto seek finance for their investment projects."
It is the third EIB loan to the Kujawsko-Pomorskie Region for financing upgrades to the local health infrastructure. The borrower is a special-purpose company, Kujawsko-Pomorskie Inwestycje Medyczne Sp. z o.o., created by the Region in 2009.
The EIB will invest €65 million in the modernisation of primary and secondary schools in Serbia to provide new digital equipment, connectivity, and capacity building training for 50 000 school teachers. The investment from the EU bank will support Serbia’s national education strategy, upgrade digital capacities in Serbian schools and contribute to economic and productivity growth, youth employability and the advancement of the country’s innovative capacity.
The EIB will provide €890 million to Adif Alta Velocidad to finance the high-speed rail line connecting Madrid and Extremadura. This will help see the European Atlantic Corridor through to completion and significantly improve the connection between Spain and Portugal. The project is backed by the European Regional Development Fund and will receive Trans-European Transport Network (TEN-T) support.
The EIB and Société Générale today confirmed agreement of a new joint initiative to support economic development across Cameroon. The new financing is part of the European Investment Bank’s broader support for private sector development and help to increase the economic resilience of companies across Africa and around the world facing economic, social and health challenge and the COVID-19 pandemic.