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Signature(s)

Amount
€ 53,953,729.28
Countries
Sector(s)
Poland : € 53,953,729.28
Urban development : € 17,804,730.66
Transport : € 36,148,998.62
Signature date(s)
17/12/2021 : € 17,804,730.66
17/12/2021 : € 36,148,998.62
Link to source

Summary sheet

Release date
11 June 2021
Status
Reference
Signed | 17/12/2021
20210370
Project name
Promoter - financial intermediary
CZESTOCHOWA SUSTAINABLE DEVELOPMENT
CITY OF CZESTOCHOWA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
PLN 250 million (EUR 53 million)
PLN 559 million (EUR 119 million)
Location
Sector(s)
Description
Objectives

The project will support eligible investment schemes in the City of Czestochowa (Poland) in the 2021-2026 period. It will focus on urban development and infrastructure modernisation. The loan will be signed under the Programme Loan SILESIA SUSTAINABLE DEVELOPMENT PROGRAMME (2021-0206).

The proposed municipal framework loan will support eligible schemes coherent with the City of Czestochowa development strategy. It will contribute to the modernisation of municipal public infrastructure and services.

Additionality and Impact

The Project will support a multi-sector investment programme of the City of Czestochowa in the period 2021-2026. The Project will focus on improvements to sustainable urban transport infrastructure by investing in urban roads, public transport, active modes and traffic management, modernisation and improved energy efficiency of public buildings and infrastructure, education, health and social care, as well as environmental and green infrastructure. The proposed investment programme is well embedded in the City's Development Strategy, Climate Adaptation Strategy, Sustainable Urban Mobility Plan and other targeted sectorial development plans.

 

The Project, beyond its contribution to planning-led urban regeneration, will address environmental

externalities, social inclusion, deficiencies in sustainable transport, education and social care systems, and climate externalities.

 

The City of Czestochowa is located in Silesia (region), classified as a less developed region, thus, the

Project contributes to the EIB Cohesion Priority Regions objective. It is also expected to contribute to the EIB Climate Action and Environmental Sustainability objective.

 

The flexible, long-term and attractively priced EIB loan addresses the City's funding needs. It further

allows the City to invest its own funds and available EU funding and may play a pivotal role in enabling access to grants under the Just Transition Mechanism.

Environmental aspects
Procurement

The Bank will generally allocate its funds only to eligible schemes which are environmentally sound. All schemes must comply with EU environmental legislation as well as comply with the principles and standards of the Bank's Environmental Policy Statement.

The Promoter is subject to the public procurement regime. 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, Directive 2014/25/EU, as well as Directive 92/13/EEC and 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 (OJEU), as and where required.

Related projects
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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).

Documents

Environmental and Social Data Sheet (ESDS) - CZESTOCHOWA SUSTAINABLE DEVELOPMENT
Publication Date
24 Nov 2021
Document language
Main Topic
Lending
Document Number
143221836
Document Focus
Environmental Information
Project Number
20210370
Regions
Countries
Publicly available
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Alternatively, the EIB can be contacted through its external offices.
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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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