Press release: EXT 2001/052
Luxembourg, 21 December 2001 - The European Investment Bank is lending a total of EUR 405 million to four priority projects in Poland, including two framework loans dedicated to regional development and for the first time in a candidate country, to health and education.
- EUR 250 million to the Republic of Poland
will help the Ministries of Environment and Agriculture and Rural Development
to counter the effects of the devastating floods in the Vistula River basin
earlier this year. The EIB funds will be allocated to individual schemes
aimed at rebuilding and modernising flood prevention infrastructure helping
avoid similar catastrophes in the future;
- EUR 80 million to PKP-Polski Linie Kolejowe
(PLK), will help the new infrastructure company of Polish Railways to eliminate
bottlenecks on several railway lines, mainly along the Pan-European Corridors;
- EUR 50 million to Bank Gospodarstwa
Krajowego (BGK) will finance regional development schemes. The loan will
indirectly provide co-financing for projects supported under the EU Phare
funded Social and Economic Cohesion programme as well as other infrastructure
projects, including urban renewal schemes, undertaken by municipalities,
counties and regions (gminas, powiat and voivodships);
- EUR 25 million to the City of Lodz will be used for refurbishing hospitals and upgrading healthcare facilities, as well as for the generalisation of computer and internet support in schools and the modernisation of sports facilities;
Since 1990 the EIB lent some EUR 4.7 billion to projects in Poland, more than in any other EU candidate. Over 1 billion went to Trans-European road and rail networks (TENs), with emphasis on upgrading major international road and railway axes. Telecommunications, gas and larger industry schemes also attracted substantial loans from the EIB. Small and medium-scale industrial investments as well as smaller energy or infrastructure projects are being furthered through global loans (credit lines) to commercial banks established in Poland. The EIB also helped rebuild infrastructure damaged during the 1997 floods in Silesia.
Since 1990, the EIB has lent over EUR 15 billion to projects in the ten Central European EU applicants: Estonia, Latvia, Lithuania, Poland, the Czech Republic, Slovakia, Hungary, Slovenia, Romania and Bulgaria. The Bank plans to lend EUR 3 billion annually in these countries between now and their accession to the EU.
For further information, please contact the EIB's Information and Communications Department (Mr. Max Messner, tel.: +352 43 79 31 50, e-mail: firstname.lastname@example.org).