18 July 2014
Promoter – Financial Intermediary
MUNICIPALITY OF LODZ
The project covers small, medium and large investments schemes mainly in the fields of transport and local roads modernisation in the City of Lodz.
The financing objective is to support the development strategy of the City of Lodz; which focuses inter alia on to the sustainable development as well as smart growth horizontal principles. More detailed operational objectives pertinent to this operation include: (1) upgrading and developing a sustainable and effective system of public transport in the Lodz agglomeration supporting metropolitan functions of the City; and (2) modernisation of vehicular traffic roads, removing transit from the centre of Lodz and channelling the connection of crucial areas of the City and agglomeration with European transport routes.
Proposed EIB finance (Approximate amount)
PLN 400 million (EUR 96 million)
Total cost (Approximate amount)
PLN 960 million (EUR 230 million)
The project comprises a multi-scheme operation classified as a Framework Loan and some of the schemes may eventually fall under Annex I or Annex II of the Environmental Impact Assessment (EIA) Directive 2011/92/EU. Should any such scheme have a negative impact on an area forming part of the Natura 2000 network (falling under the Habitats Directive 92/43/EEC or Birds Directive 79/409/EEC), the Bank would require the promoter to act according to the provisions of the aforementioned Directives as transposed into the national law. It is a requirement that all schemes must be implemented in compliance with the EU environmental legislation.
The Bank will require the promoter to ensure that contracts for the implementation of the project have been/shall be tendered in accordance with the relevant applicable EU procurement legislation (Dir 2004/18/EEC or Dir 2004/17/EEC and Dir. 2007/66/EC), with publication of tender notices in the EU Official Journal, as and where appropriate. Contracts with values below the EU thresholds will be procured according to the provisions laid down in national or regional legislation.
Signed - 6/03/2015