EIB lends EUR 2bn for co-financing projects with EU Funds in Poland.

By bne IntelliNews October 15, 2010
The European Investment Bank (EIB) is lending EUR 2bn to the Polish government to help meet the objectives of the Polish National Strategic Reference Framework during the period 2007-2013, the EIB has announced. This is the biggest loan the EIB has granted to a Member State that joined the EU after 2004, it stressed. Finance minister Jacek Rostowski pointed to the beneficial costs of this 15-year loan. Poland's 10-year eurobonds coupon if around 3.8% and this loan is around 1pp cheaper, the minister said. The EIB funds will co-finance projects in the areas of innovative economy, human capital, infrastructure and development as well as in the development of eastern parts of Poland. This loan is part of the growing EIB lending activity in Poland, which in 2010 is expected to reach some EUR 5.3bnbillion of new loans signed with numerous partners in the public and private sectors, the EIB also said. ISB, tom

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