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    Reference: 20150761
    Release date: 4 July 2016

    Promoter – Financial Intermediary

    Private company

    Location

    Description

    The operation consists of the expansion and modernisation of promoter's production and storage facilities in Poland. The project will be implemented in the period 2016-2018 and is being carried out by a private industrial company active in the food and drinks sector in central and eastern Europe.

    Objectives

    The investment underpins the promoter's strategy to increase competitiveness of its businesses through modernisation and expansion of its production sites and warehouses.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 60 million

    Total cost (Approximate amount)

    EUR 121 million

    Environmental aspects

    The operation includes several investments which might fall under Annex II of Directive 2011/92/EU. An environmental impact assessment (EIA) might be required by the authorities. All aspects related to the environmental impact and permits will be verified during the project's appraisal. The impact on the environment and on the sites of nature conservation are expected to be minor.

    Procurement

    The promoter has been assessed by the EIB as being a private company not operating in the utilities sector and not having the status of a contracting entity, thus not subject to EU rules on public procurement. However, if after the project appraisal, the EIB were to conclude that the promoter is after all subject to EU public procurement legislation (i.e. Directive 2004/17/EC), then the Bank would require the promoter to ensure that contracts for the implementation of the project have been/will be tendered in accordance with the relevant applicable EU procurement legislation (Directive 2004/17/EC and Directive 92/13/EEC), with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Signed - 1/12/2016

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Poland Industry