BANSKA BYSTRICA SUSTAINABLE URBAN DEVELOPMENT FL

Promoter – Financial Intermediary

MESTO BANSKA BYSTRICA

Location

• Slovakia

Description

The project consists of a multi-annual municipal investment programme of the City of Banská Bystrica in Slovakia. The EIB framework loan will support eligible schemes coherent with the City's development strategy. It will contribute to modernisation of municipal public infrastructure and services.

Additionality and Impact

The Project shall support a multi-sector investment programme of the City of Banska Bystrica in the period 2022-2027. The Project will address a number of market failures that justify the use of public financing to address the investment gap. In particular the Project intervenes in provision of public goods and services (e.g. infrastructure for transport and active mobility, parks and open spaces, public buildings dedicated to education, social care, culture and administration) and is expected to generate numerous positive externalities (including energy savings and climate action), resulting in higher quality of services for citizens and businesses.

EIB's long-term financing with favourable terms such as long grace period and long availability period with flexible drawdowns will contribute to improving the City's financing structure and the affordability of the investments. EIB's involvement will also send a positive signal to the markets regarding the City's commitment to implement its investment programme.

Objectives

The investments co-financed by EIB framework loan will support improvements in urban transport networks and mobility, green areas and public spaces (including public lighting), public buildings dedicated to education, social care and culture (including energy efficiency measures), water and solid waste management, and other urban infrastructure and services, including those impacted by the Ukraine refugee crisis, as appropriate.

Sector(s)

• Urban development - Construction

Proposed EIB finance (Approximate amount)

EUR 20 million

Total cost (Approximate amount)

EUR 63 million

Environmental aspects

The EIB will 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 EIB'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 publication of tender notices in the Official Journal of the EU (OJEU), as and where required.

Status

Signed - 14/07/2023