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Signature(s)

Amount
€ 37,373,863.21
Countries
Sector(s)
Poland : € 37,373,863.21
Transport : € 37,373,863.21
Signature date(s)
17/09/2010 : € 37,373,863.21
Link to source
Data sheet
Other links

Summary sheet

Release date
10 March 2010
Status
Reference
Signed | 17/09/2010
20090266
Project name
Promoter - financial intermediary
Krakow Tramway – Investment Loan

The Promoter is MPK Krakow (MIEJSKIE PRZEDSIEBIORSTWO KOMUNIKACYJNE SA), the public transport company of Krakow, which owns and operates buses and trams. MPK is 100% owned by the Krakow municipal holding Company (Krakowski Holding Komunalny SA), which owns also MPWIK, Krakow Water Company, and MPEC (district heating company).

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 33.69 million.
EUR 89.85 million.
Location
Sector(s)
Description
Objectives

The project consists of the modernisation and extension of the tramway network in the Municipality of Krakow, including the purchase of 24 new trams.

The improvement of Krakow’s basic infrastructures such as in primis the transport system (both public and private). The improvement and upgrading of municipal infrastructures is a condition both for the city’s continuing sustainable social and economic development, and for improving its attractiveness to investors, whilst simultaneously improving the quality of life, upgrading the urban environment and developing the existing resources such as the relevant cultural and historical attractions.

Environmental aspects
Procurement

Poland, as a Member State, is obliged to follow the relevant EU rules in relation to the environmental impact of projects (namely SEA, EIA and Habitat/Natura 2000 Directives). The new EIA Polish law, which is fully compliant with EU Directives, entered into force in November 2008.

Tramway Projects concerning infrastructure usually fall under Annex II of Directive 85/337/EC (as amended), and therefore competent authorities decide on a case-by-case analysis if a full EIA has to be carried out or not, while the acquisition of rolling stock falls outside the scope of the same Directive. Details will be checked at appraisal stage.

The promoter is a public entity subject to EU public procurement regulations. 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 (mainly Directive 2004/17/EEC) with parallel publication of tender notices in the EU Official Journal, as and where appropriate. All the details will be checked at appraisal stage.

Link to source
Other links

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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