Release date: 18 December 2019
Promoter – Financial Intermediary
MIASTO STOLECZNE WARSZAWALocation
Description
Framework loan to co-finance eligible schemes in the City of Warsaw, grouped in the following sectors: education, culture, transport, public buildings, social housing social inclusion, natural based solution infrastructure, sport and recreation as well as other urban infrastructure. Some of the schemes may benefit from EU grant financing.
Objectives
The proposed municipal framework loan will support eligible schemes coherent with the City of Warsaw development strategy. It will contribute to the modernisation of municipal public infrastructure and services.
Sector(s)
- Urban development - Construction
Proposed EIB finance (Approximate amount)
PLN 1200 million (EUR 283 million)
Total cost (Approximate amount)
PLN 2630 million (EUR 620 million)
Environmental aspects
The Bank will generally allocate its funds only to eligible schemes which are environmentally sound. All schemes must comply with EU environmental legislation as well as comply with the principles and standards of the Bank's Environmental Policy Statement.
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, Directive 2014/25/EU, as well as Directive 92/13/EEC and 89/665/EEC as interpreted by the Court of Justice of the EU, with the publication of tender notices in the Official Journal of the European Union (OJEU), as and where required.
Status
Signed - 10/11/2020
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).