10 cities in Poland receiving EIB support so far this year

From Ostrów Wielkopolski (72,000 inhabitants) to Warsaw (1.78 million people), cities of all sizes in Poland are turning to the European Investment Bank (EIB) to secure affordable funding for development projects that are green and socially inclusive. Eleven operations with a combined total of more than PLN 2 billion (equivalent to approximately €500 million) have been signed since January with ten Polish cities across the country. One of them was backed by a guarantee from the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe.

Loans were signed with the municipalities of Szczecin (PLN 469 million), Poznań (PLN 100 million), Wrocław (PLN 200 million), Rybnik (PLN 53 million), Płock (PLN 90 million), Sosnowiec (PLN 50 million), Ostrów Wielkopolski (PLN 110 million), Gorzów Wielkopolski (PLN 157 million), Opole (PLN 75 million), as well as a PLN 655 million loan for the extension of the metro line in Warsaw. A PLN8 5 million EFSI-backed loan with two municipal affordable housing companies in Szczecin was signed on September 15,2020. These ten cities have a combined total of approximately 4.14 million people, or more than 10 percent of the country’s population.

The EIB announced these figures today as part of the European Week of Cities and Regions, a flagship event organized every year in October by the European Commission and the Committee of Regions, to which the EU bank participates.

(WBJ)