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Signature(s)

Amount
€ 144,682,903.3
Countries
Sector(s)
Poland : € 144,682,903.3
Health : € 20,255,606.46
Transport : € 124,427,296.84
Signature date(s)
30/07/2010 : € 20,255,606.46
30/07/2010 : € 124,427,296.84
Link to source

Summary sheet

Release date
4 May 2010
Status
Reference
Signed | 30/07/2010
20090497
Project name
Promoter - financial intermediary
Poznan Municipal Infrastructure III

The City of Poznan

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to PLN 600 million. (approx. EUR 148.28 million.)
Estimated at PLN 1 500 million. (EUR 375 million.)
Location
Sector(s)
Description
Objectives

The project consists of 14 schemes, of which 6 major urban road schemes (reconstruction and extension of inner city roads and inner-city bypass, partly in connection to Euro 2012), 3 tram schemes (including light railway extension) and 5 hospital schemes already included in the Poznań City development Plan 2005-2010. The Project is a consequence of long-term investment plans (fast tram – since the 1970s) of the City and its goal to increase its attractiveness to business (better connection to Airport).

The selected schemes are part of the City’s Development Plan and are expected to contribute to the development strategy of the City of Poznań, improving accessibility through an increase in the road capacity and the reduction of congestion, improving the quality of life.

Environmental aspects
Procurement

Poland, as a member State, has to comply with the relevant EU Directives concerning the environment. The Bank will require compliance with the EIA Directive 85/337/EEC amended by Directives 97/11/EC and 2003/35/EC, for every single scheme included in the project. This aspect will be further checked during appraisal, together with the question of the project falling within a plan or a programme requiring a Strategic Environmental Assessment (SEA) in line with Directive 2001/42/EC. Compliance with the EU Directive on the Energy Performance of Buildings (EU Directive 2002/91/EC) and its recast (approval expected during 2010) will be further examined during appraisal.

Compliance with the EU Habitats Directive 92/43/EEC and EU Birds Directive 79/409/EEC will be required by the bank.

EU Directives (2004/18/EC and 2004/17/EC) on procurement have been transposed into national Polish legislation. Tenders shall be organised in compliance with EU requirements, with publication of tender notices in the EU Official Journal for projects above thresholds. Application of EU procedures by the Polish authorities for the tender of services, supplies and civil works will be reviewed by the Bank’s services during appraisal.

Link to source

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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