BGK-URBAN RENEWAL FRAMEWORK LOAN

Signature(s)

€ 200,000,000

Poland : € 200,000,000

Urban development : € 200,000,000

21/06/2002 : € 200,000,000

Summary sheet

13 March 2002

Signed | 21/06/2002

20010722

BGK Urban Renewal and Housing Framework Loan

Bank Gospodarstwa Krajowego

EUR 200 mio

Over EUR 400 mio

Poland

Urban development

Loan Facility to finance small and medium scale projects in the field of modernisation of dwellings for rental or the construction of rental dwellings included in urban renewal areas in Poland.

The project aims at the improvement of the urban environment and the living conditions of tenants in many Polish cities. The project will also help to alleviate the huge residual as well as anticipated demand for affordable housing in the most dynamic areas of Poland, thus encouraging labour mobility and providing pre-accession support to the country.

All projects approved under the Facility to comply with relevant national and EU legislation, including the procedures Directive 97/11/EC, on the protection of the environment, as appropriate, taking also into account the efforts made by Poland on enacting national environmental legislation which is quickly being harmonised with EU law.

All projects approved under the Facility to comply with the 1997 Polish Public Procurement Law 1997. No local preference applies.

Urban Renewal

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