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    Reference: 20210437
    Release date: 16 September 2022

    Promoter – Financial Intermediary

    CITY OF LODZ

    Location

    Description

    Framework Loan to co-finance multi-sector schemes included in the multi-annual investment programme of the City of Lodz in Poland. The project supports the implementation of the City's Sustainable Development Plan for Public Transport by 2025, Study of the Conditions and Directions of Spatial Development of the City of Lodz, Strategy for the Development of the City of Lodz 2030 and its Action Plan for Adaptation to Climate Change by 2030.

    Objectives

    This operation concerns a municipal Framework Loan for urban infrastructure investments in the City of Lodz, Poland. The project will focus on supporting urban mobility schemes, including investments in zero-emission public transport, modernisation of active modes infrastructure (walking and cycling) and improvements to urban roads. The operation also invests in the modernisation of parks and gardens, blue-green infrastructure, urban infrastructure improvements in neighbourhoods and a small investment in water and wastewater schemes. The project will support the implementation of the promoter's Sustainable Development Plan for Public Transport City by 2025, Strategy for the Development of the City of Lodz 2030 and its Action Plan for Adaptation to Climate Change by 2030.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    PLN 300 million (EUR 62 million)

    Total cost (Approximate amount)

    PLN 1130 million (EUR 234 million)

    Environmental aspects

    The promoter's environmental management capacity to apply the relevant EU Directives will be verified during appraisal, particularly with regard to EU EIA Directive 2011/92/EU amended by 2014/52/EU, EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. The status of any environmental studies and public consultations related to the construction and refurbishment investments will also be further assessed during project appraisal. The schemes under the Framework Loan should have an overall positive impact on the environment by promoting sustainable urban development and reducing energy consumption.

    Procurement

    The Bank will require the promoter to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation, Directive 2014/23/EU / 2014/24/EU / 2014/25/EU as well as Directive 92/13/EEC or 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 EU, as and where required.

    Status

    Approved - 4/10/2022

    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 Urban development Transport