Walbrzych urban regeneration programme (EBRD-51552)

Countries
  • Poland
Where the impacts of the investment may be experienced.
Specific Location
Walbrzych City
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • European Bank for Reconstruction and Development (EBRD)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 16, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Poland
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
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, etc.
Investment Amount (USD)
$ 25,469.88 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 22,590,220.00
Converted using 2020-07-07 exchange rate.
Primary Source

Original disclosure @ EBRD website

Updated in EWS Jan 11, 2021

Disclosed by Bank Jul 7, 2020


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Project Description

Provision of a loan is to finance Walbrzych's urban regeneration programme involving the economic development and reintegration of several underdeveloped parts of the city through better interconnectivity both within the city and the region through the construction of a new bypass, co-financed with EU structural funds. In addition, the Bank is also working with the city of Walbrzych to improve energy efficiency in buildings under the Green Cities Framework Thermo-Modernisation project.

 

Investment Description
  • European Bank for Reconstruction and Development (EBRD)
Contact Information

Mr Andrzej Piekny

apiekny@zdkium.walbrzych.pl

tel. +48 600 200 311

+48 74 847 74 77

ACCOUNTABILITY MECHANISM OF EBRD

The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at pcm@ebrd.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.