CZESTOCHOWA SUSTAINABLE DEVELOPMENT

Promoter – Financial Intermediary

CITY OF CZESTOCHOWA

Location

• Poland

Description

The project will support eligible investment schemes in the City of Czestochowa (Poland) in the 2021-2026 period. It will focus on urban development and infrastructure modernisation. The loan will be signed under the Programme Loan SILESIA SUSTAINABLE DEVELOPMENT PROGRAMME (2021-0206).

Additionality and Impact

The Project will support a multi-sector investment programme of the City of Czestochowa in the period 2021-2026. The Project will focus on improvements to sustainable urban transport infrastructure by investing in urban roads, public transport, active modes and traffic management, modernisation and improved energy efficiency of public buildings and infrastructure, education, health and social care, as well as environmental and green infrastructure. The proposed investment programme is well embedded in the City's Development Strategy, Climate Adaptation Strategy, Sustainable Urban Mobility Plan and other targeted sectorial development plans.

 

The Project, beyond its contribution to planning-led urban regeneration, will address environmental

externalities, social inclusion, deficiencies in sustainable transport, education and social care systems, and climate externalities.

 

The City of Czestochowa is located in Silesia (region), classified as a less developed region, thus, the

Project contributes to the EIB Cohesion Priority Regions objective. It is also expected to contribute to the EIB Climate Action and Environmental Sustainability objective.

 

The flexible, long-term and attractively priced EIB loan addresses the City's funding needs. It further

allows the City to invest its own funds and available EU funding and may play a pivotal role in enabling access to grants under the Just Transition Mechanism.

Objectives

The proposed municipal framework loan will support eligible schemes coherent with the City of Czestochowa development strategy. It will contribute to the modernisation of municipal public infrastructure and services.

Sector(s)

• Urban development - Construction
• Transport - Transportation and storage

Proposed EIB finance (Approximate amount)

PLN 250 million (EUR 53 million)

Total cost (Approximate amount)

PLN 559 million (EUR 119 million)

Environmental aspects

The Bank will generally 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 Bank'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 - 17/12/2021