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Signature(s)

Amount
€ 18,755,128.36
Countries
Sector(s)
Poland : € 18,755,128.36
Urban development : € 18,755,128.36
Signature date(s)
30/12/2024 : € 18,755,128.36
Link to source

Summary sheet

Release date
24 May 2023
Status
Reference
Signed | 30/12/2024
20220754
Project name
Promoter - financial intermediary
CHORZOW SUSTAINABLE DEVELOPMENT
CITY OF CHORZOW
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
PLN 250 million (EUR 58 million)
PLN 550 million (EUR 127 million)
Location
Sector(s)
Description
Objectives

The project will support investment programme implemented by the City of Chorzow (Poland). 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 Chorzow 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 Chorzow (Silesia region, Poland) within the period 2023-2028. The Project will focus on sustainable urban infrastructure development and will address several market failures. In particular, the Project contributes to provision of public goods and services (e.g. infrastructure dedicated to public services, transport and energy efficiency) and is expected to generate positive externalities (including energy savings and climate action) improving quality of services for the citizens. The proposed investment programme is well embedded in the City's Development Strategy until 2030, Environmental Programme for 2022- 2026, Adaptation Plan to Climate Change 2030 and the Metropolitan Mobility Policy. The City of Chorzow 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 objectives.

The EIB loan with the flexible conditions (long tenor matching the economic life of assets financed, flexible drawdowns conditions, grace and availability periods) addresses the City's funding needs and contributes to the stability of the City's financing sources.

It further allows the City to invest its own funds, use the available EU funding and may play a pivotal role in enabling access to funds 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 comply with the principles and standards of the EIB's Environmental Policy Statement.

The promoter is subject to the public procurement regime, hence it is required to ensure that the contracts for the project implementation 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.

Milestone
Under appraisal
Approved
Signed
29 February 2024
30 December 2024
Related projects
Link to source
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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) - CHORZOW SUSTAINABLE DEVELOPMENT
Publication Date
2 Mar 2024
Document language
Main Topic
Lending
Document Number
162576089
Document Focus
Environmental Information
Project Number
20220754
Sector(s)
Regions
Countries
Publicly available
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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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