CZESTOCHOWA URBAN INFRASTRUCTURE III

Promoter – Financial Intermediary

CITY OF CZESTOCHOWA

Location

• Poland

Description

The project will support eligible investment schemes in the city of Czestochowa. The operation is expected to support urban development and infrastructure modernisation including climate action components. The loan will be signed under the programme loan SILESIA URBAN INFRASTRUCTURE PROGRAMME (2017-0117).

Objectives

The proposed framework loan will support the City of Czestochowa (Silesia province) in the implementation of its development strategy. Therefore, the project will focus on the reinforcement of its economic basis, increasing the accessibility to existing and new business areas, and providing higher quality services to the population.

Sector(s)

• Transport - Transportation and storage
• Urban development - Construction

Proposed EIB finance (Approximate amount)

PLN 334 million (EUR 79 million)

Total cost (Approximate amount)

PLN 820 million (EUR 193 million)

Environmental aspects

The Bank will generally allocate its funds only to eligible schemes which are economically, technically and financially justified and environmentally sound. All schemes must comply with EU environmental legislation. With the appropriate conditions in place, the project is acceptable for financing in environmental and social terms.

Procurement

The promoter is subject to the public procurement regime. The Bank will require the promoter to ensure that contracts for the implementation of the project will be tendered in accordance with the relevant applicable EU procurement legislation: Directive 2014/24/EU, as well as Directive 89/665/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the European Union, as and where required.

Status

Signed - 4/12/2017