EIB lends PLN1bn for infrastructure upgrades in western Poland

By bne IntelliNews March 9, 2015

The European Investment Bank (EIB) has agreed to lend over PLN1bn (€235m) to the city of Lodz and towards rail development in western Poland, the bank announced in a statement released on March 6.

The funds, dispersed in four loans, will be used to help in modernization of urban infrastructure, and projects connected with environmental protection in Lodz. A total of €100mn (around PLN414mn) will meanwhile go to PKP Polskie Linie Kolejowe towards modernisation of the line between Wroclaw and Poznan. The route is planned to run high-speed trains.

Two loans worth PLN450mn in total for regeneration of urban infrastructure in ‎Lodz. EIB funds will be used for renovations of streets, public spaces and municipal buildings, 

The EIB line will be used to finance eco-friendly investments connected with improvements in energy efficiency, modernisation of equipment and machinery, sources of heat and thermal insulation of buildings. The investment in these projects will total PLN310mn and be channeled via local lender Ochrony Srodowiska Bank. This is the fifth such loan and is part of the EU's Small and Medium Enterprise Finance Facility Energy Efficiency Window.

“The EIB, as the EU’s bank, is becoming ever more engaged in the ever more competitive Polish economy,” the EIB’s Polish chief Laszlo Baranyay said.

Related Articles

RBI doubles net profit y/y in Q1 as Russian business recovers

Raiffeisen Bank International (RBI), the second largest bank operating across Central and Eastern Europe by assets, reported that net profit almost doubled year-on-year to €220mn in the first ... more

Poland shrugs off EU bid to toughen rule of law probe

The EU’s General Affairs Council urged Poland on May 16 to talk with the European Commission about its alleged violations of the rule of law, as Brussels continued to hold back from imposing ... more

Moody’s raises outlook on Poland to stable

Moody’s Investor Service affirmed Poland’s sovereign credit rating at 'A2' on May 12, and raised the outlook on the sovereign to stable. The improvement of the outlook comes on the back of ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss