Release date: 28 February 2008
Promoter – Financial Intermediary
Polish municipalities or municipal companies providing public servicesLocation
Description
The proposed credit line would support investments in municipal infrastructure, environment, energy, health and education in Poland.
Objectives
The Bank’s credit line would allow BBH to increase and diversify its long-term funding sources and to step up its longer-term financing of eligible projects. Furthermore, the extension of the cooperation with the Bank’s intermediaries in Poland will ensure continued competition among such intermediaries (resulting in better service for the final beneficiaries and lower financing costs), and enhance the Bank’s presence within the municipal sector in Poland.
Sector(s)
Proposed EIB finance (Approximate amount)
PLN 200 million (EUR 55.19 million)
Total cost (Approximate amount)
Not applicable
Environmental aspects
In accordance with the Bank's policy to ensure that sub-loans comply with the Community acquis, in particular in the fields of environment and public procurement, the intermediary shall stipulate with the Final Beneficiary that sub-projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.
Procurement
In accordance with the Bank's policy to ensure that sub-loans comply with the Community acquis, in particular in the fields of environment and public procurement, the intermediary shall stipulate with the Final Beneficiary that sub-projects undertaken by the latter with the proceeds of EIB funds should comply with the relevant applicable EU and national legislation.
Status
Signed - 18/08/2008
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).