RYBNIK SUSTAINABLE DEVELOPMENT

Promoter – Financial Intermediary

CITY OF RYBNIK

Location

• Poland

Description

The project will support eligible investment schemes in the City of Rybnik (Poland). 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 Rybnik in the period 2022-2027. The Project will focus on improvements to sustainable urban transport infrastructure by investing in public transport and active modes, modernisation and improved energy efficiency of public buildings and infrastructure, education, 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 Rybnik 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 EU grants.

Objectives

The proposed municipal framework loan will support eligible schemes coherent with the City of Rybnik 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 350 million (EUR 74 million)

Total cost (Approximate amount)

PLN 909 million (EUR 191 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 - 22/12/2022