FINANCING OF EKO OSIEDLE IN WARSAW

Promoter – Financial Intermediary

MIEJSKIE PRZEDSIEBIORSTWO REALIZACJI INWESTYCJI SP ZOO

Location

• Poland

Description

Financing of the brownfield regeneration and development of a new inclusive, sustainable and resilient project in Warsaw offering social and affordable housing.

Objectives

The project is located in Warsaw, Poland and its purpose is to regenerate the existing brownfield area in one of the city's districts into an inclusive, sustainable and green housing district offering residents high quality public space and access to diverse commercial and social services (the "Eko Osiedle"). The project involves the construction of a new residential complex offering social and commercial facilities, in addition to energy-efficient social and affordable housing.

Sector(s)

• Urban development - Construction

Proposed EIB finance (Approximate amount)

PLN 270 million (EUR 58 million)

Total cost (Approximate amount)

PLN 360 million (EUR 78 million)

Environmental aspects

The project will have to comply with the EIA Directive 2014/52/EU amending the EIA Directive 2011/92/EU and, if applicable, the SEA Directive 2001/42/EC as well as Habitats and Birds Directives (92/43/EEC and 2009/147/EC respectively). As the project involves construction and refurbishment of buildings, it will need to comply with EU Directive on Energy Performance of Buildings.

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 2014/24/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 EU, as and where required.

Status

Approved - 20/12/2021