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    Signature(s)

    Amount
    € 24,920,142.27
    Countries
    Sector(s)
    Poland : € 24,920,142.27
    Services : € 24,920,142.27
    Signature date(s)
    23/07/2020 : € 24,920,142.27

    Summary sheet

    Release date
    12 September 2019
    Status
    Reference
    Signed | 23/07/2020
    20190495
    Project name
    Promoter - financial intermediary
    OSTROW WIELKOPOLSKI SUSTAINABLE DEVELOPMENT
    CITY OF OSTROW WIELKOPOLSKI
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    PLN 110 million (EUR 24 million)
    PLN 220 million (EUR 49 million)
    Location
    Sector(s)
    • Services - Public administration and defence; compulsory social security
    Description
    Objectives

    The project consists of a Framework Loan intermediated through Bank Gospodarstwa Krajowego, Poland's national development bank, financing eligible schemes implemented under the long-term capital investment programme of the City of Ostrów Wielkopolski, improving sustainable urban development and supporting climate mitigation measures.

    This operation is structured as a framework loan; the EIB will finance eligible schemes from the City's investment plan 2020-2023. Some schemes already identified include: (i) the development of a clean urban energy market (a pilot project aimed at distributing energy from renewable sources to the inhabitants of the municipality); (ii) construction of social housing; and (iii) construction of the new schools. The loan will be either a direct loan to the Promoter, or an intermediated loan through a local bank, including, but not limited to, BGK, the national promotional bank (to be confirmed during appraisal).

    Environmental aspects
    Procurement

    Promoter's environmental management capacity to properly apply the EU environmental directives (the EU SEA Directive 2001/42/EC, the EU Environmental Impact Assessment (EIA) Directive 2014/52/EU amending Directive 2011/92/EU, as well as the requirements of the EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC, where appropriate) will be assessed during appraisal. The schemes to be proposed under the Framework Loan should have an overall positive impact on the environment, by reducing energy consumption and by promoting sustainable urban development. Some of the schemes may, however, fall under Annex I or Annex II of the Directive 2014/52/EU amending the EIA Directive 2011/92/EU. This will be further assessed during project appraisal.

    The Bank will require the Promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/24/EU/ 2014/25/EU where applicable, as well as Directive 92/13/EEC or Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Disclaimer

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

    Documents

    Environmental and Social Data Sheet (ESDS) - OSTROW WIELKOPOLSKI SUSTAINABLE DEVELOPMENT
    Publication Date
    27 May 2020
    Document language
    Main Topic
    Lending
    Document Number
    127133407
    Document Focus
    Environmental Information
    Project Number
    20190495
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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