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    Reference: 20210654
    Release date: 4 November 2021

    Promoter – Financial Intermediary

    MIEJSKIE PRZEDSIEBIORSTWO REALIZACJI INWESTYCJI SP ZOO

    Location

    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)

    Proposed EIB finance (Approximate amount)

    PLN 270 million (EUR 59 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

    Under appraisal - 13/10/2021

    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