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Signature(s)

Amount
€ 44,749,737.09
Countries
Sector(s)
Poland : € 44,749,737.09
Transport : € 11,187,434.27
Urban development : € 33,562,302.82
Signature date(s)
15/06/2023 : € 11,187,434.27
15/06/2023 : € 33,562,302.82
Link to source

Summary sheet

Release date
7 December 2022
Status
Reference
Signed | 15/06/2023
20220468
Project name
Promoter - financial intermediary
TYCHY SUSTAINABLE DEVELOPMENT
CITY OF TYCHY
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
PLN 200 million (EUR 43 million)
PLN 618 million (EUR 132 million)
Location
Sector(s)
Description
Objectives

The project will support investment programme implemented by the City of Tychy (Poland). It will focus on urban development and infrastructure modernisation. The loan will be signed under the operation: SILESIA SUSTAINABLE DEVELOPMENT PROGRAMME (2021-0206).

The municipal framework loan will support eligible schemes coherent with the development strategy of the City of Tychy, contributing 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 Tychy in the period 2022-2027. The Project will contribute to the City's integrated urban development, through investments in the areas of public infrastructure, environmental protection, urban transport and mobility, as well as energy efficiency. 

The proposed investment programme is embedded in the City's Development Strategy, its 'Environmental Programme for 2022-2025 with a perspective to 2029', the City's Adaptation Plan to Climate Change, and the City's Mobility Policy. The Project will address environmental and climate externalities, social inclusion, deficiencies in urban transport and mobility, education and social care systems.

The City of Tychy 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 and long-term 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 EU grants (including under the Just Transition Mechanism). 

Environmental aspects
Procurement

The EIB will generally allocate its funds only to eligible schemes, which are environmentally sound. All schemes must comply with EU environmental legislation, as well as with the principles and standards of the EIB'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 EU Court of Justice, with publication of tender notices in the Official Journal of the EU, as and where required.

Milestone
Under appraisal
Approved
Signed
5 January 2023
15 June 2023
Related projects
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).

Documents

Environmental and Social Data Sheet (ESDS) - TYCHY SUSTAINABLE DEVELOPMENT
Publication Date
11 Jan 2023
Document language
Main Topic
Lending
Document Number
157544916
Document Focus
Environmental Information
Project Number
20220468
Regions
Countries
Publicly available
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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.

Media enquiries

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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