EU FUNDS CO-FINANCING 2021-2027 (PL) (EIB-20220626)

Regions
  • Europe and Central Asia
Geographic location where the impacts of the investment may be experienced.
Countries
  • Poland
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Dec 13, 2023
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
Government of Poland
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Communications
  • Education and Health
  • Energy
  • Industry and Trade
  • Infrastructure
  • Water and Sanitation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 1,414.74 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported 1300
Converted using 2023-12-13 exchange rate.
Loan Amount (USD)
$ 1,414.74 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 1300 million
Converted using 2023-12-13 exchange rate.
Project Cost (USD)
$ 33,451.08 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 30738 million
Converted using 2023-12-13 exchange rate.
Bank Documents
Primary Source

Original disclosure @ EIB website

Updated in EWS Jan 4, 2024

Disclosed by Bank Oct 31, 2023

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

As stated by the EIB, the project consists of a co-financing with EU Funds of priority investments in 2021-2027 programming period.

The project aims to support Poland in promoting economic, social, and territorial cohesion, supporting key EU priorities such as the green and digital transition, and contributing to the country's competitive, innovative, and sustainable growth.

Poland - outside of Warsaw region - is designated an EIB Cohesion Region. The project therefore supports the strengthening of the EU's economic, social, and territorial cohesion.

As for the sectorial public policy goals of the EIB, the multi-sector project is expected to contribute to Innovation, Digital and Human capital (IDHC, 54%), Sustainable Cities and Regions (SCI, 19%), Sustainable Energy and Natural resources (SENR, 19%), and SME development (8%).

In the area of IDHC, the projects will increase the level of RDI, innovation enabling infrastructure, education and training, and healthcare which will lead to positive spill overs throughout the national economy.

Under SCI, the project will support balanced territorial development, including the upgrading, replacement and reorganisation of urban infrastructure and public facilities which will positively impact quality of life for inhabitants.

Concerning SENR, the project will further unlock the potential for energy efficiency improvements and renewable energy. The project will also protect the environment, biodiversity, and ecosystems, and through climate adaptation and disaster prevention invest in more resilient infrastructure, which reduces the risk of harm to life, property, and public services in the event of disaster.

Finally, the project eases financial constraints for SMEs that arise from information asymmetries caused by the lack of track record for such companies and high screening costs for small investments.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

No project contacts provided at the time of disclosure.

Implementing Agency - Ministry of Development Funds and Regional Policy:

Address: Wspolna 2/4, 00-926 Warsaw
Email: kancelaria@mfipr.gov.pl
Phone: +48 222 500 130
Website: https://www.gov.pl/web/funds-regional-policy

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm

ACCOUNTABILITY MECHANISM OF EIB

The EIB Complaints Mechanism is designed to facilitate and handle complaints against the EIB by individuals, organizations or corporations affected by EIB activities. When exercising the right to lodge a complaint against the EIB, any member of the public has access to a two-tier procedure, one internal - the Complaints Mechanism Office - and one external - the European Ombudsman. A complaint can be lodged via a written communication addressed to the Secretary General of the EIB, via email to the dedicated email address: complaints@eib.org, by completing the online complaint form available at the following address: http://www.eib.org/complaints/form via fax or delivered directly to the EIB Complaints Mechanism Division, any EIB local representation office or any EIB staff. For further details, check: http://www.eib.org/attachments/strategies/complaints_mechanism_policy_en.pdf

When dissatisfied with a complaint to the EIB Complaints Mechanism, citizens can then turn towards the European Ombudsman. A memorandum of Understanding has been signed between the EIB and the European Ombudsman establishes that citizens (even outside of the EU if the Ombudsman finds their complaint justified) can turn towards the Ombudsman on issues related to 'maladministration' by the EIB. Note that before going to the Ombudsman, an attempt must be made to resolve the case by contacting the EIB. In addition, the complaint must be made within two years of the date when the facts on which your complaint is based became known to you. You can write to the Ombudsman in any of the languages of the European Union. Additional details, including filing requirements and complaint forms, are available at: http://www.ombudsman.europa.eu/atyourservice/interactiveguide.faces

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