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    Reference: 20160117
    Release date: 30 March 2016

    Promoter – Financial Intermediary




    A multi-sector municipal framework loan to support eligible investment schemes in the City of Presov, the third biggest agglomeration in Slovakia


    The operation will be a standard framework loan supporting urban development of the City of Presov. Investments entail, among other things, the financing of public infrastructure, as well as schemes in the areas of transport, recreation, urban regeneration, social services, education, environmental improvements, housing and cultural heritage. Priority will be given to investments which qualify for EU funds so that the city can maximise utilisation of EU grant support available in the 2014-2020 programming period. Other similar schemes from the above-mentioned sectors financed from the region's own budget will also be eligible.


    Proposed EIB finance (Approximate amount)

    EUR 15 million

    Total cost (Approximate amount)

    EUR 70 million

    Environmental aspects

    It is a requirement that all sub-projects must be implemented in compliance with EU environmental legislation and the promoter has identified those sub-projects for which it considers an environmental impact assessment (EIA) is required. Should any sub-project 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 2009/147/EC), the Bank would require the promoter to act according to the provisions of the aforementioned directives as transposed into national law. These matters will be clarified during the appraisal.


    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 (Directives 2004/18/EC, 2004/17/EC or 2014/24/EU where applicable as well as Directives 89/665/EEC and 92/13/EEC, as amended) as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal pf the EU, as and where required.


    Signed - 16/08/2016


    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

    Slovakia Industry Urban development