Zielona Gora Municipal Infrastructure

Promoter – Financial Intermediary

The City of Zielona Gora

Location

• Poland

Description

The project considers a part financing of small and medium investment schemes in the City of Zielona Gora, relating mainly to the road infrastructure, cultural and recreational facilities.

Objectives

The project is a multi-scheme multi-sector framework loan to finance the strategic investments of Zielona Gora, as included in the three-year rolling annex to the municipal budget. Schemes are expected to be in the fields of transport and local roads modernisation, enhancement of energy efficiency (street lighting and public buildings), education facilities, cultural and historical heritage, recreational infrastructure and public buildings rehabilitation.

Sector(s)

• Urban development

Proposed EIB finance (Approximate amount)

Up to PLN 200 million (approximately EUR 47.3 million)

Total cost (Approximate amount)

The estimated cost of the project is PLN 611 million (approximately EUR 144.5 million).

Environmental aspects

The promoter will be required to implement this Framework Loan in compliance with EU environmental legislation. The Bank will request to be informed of the actions/decisions taken by the Promoter and the Competent Authorities on the necessity of undertaking an EIA and on the impact on biodiversity of the schemes to be financed. All the relevant projects’ key documents will be published in line with the Bank’s procedures.

Procurement

EU Directives on procurement (2004/18/EC and 2004/17/EC) have been transposed into the national legislation. The Promoter will be required to organize the tenders in compliance with EU requirements. Application of EU procedures for the tender of contracts will be reviewed by the Bank’s services during appraisal, allocation and monitoring.

Status

Signed - 23/04/2010