The City of Warsaw and the CEB sign a loan agreement to finance social municipal infrastructure
5 August 2010
The CEB funds will part-finance public infrastructure projects integrated within the City’s long-term investment programme, in sectors involving health, education, social aid, administrative public services and overall living conditions in the area of Warsaw.
Modernisation and extension of social aid centres, construction of new school units in the peripheral districts and thermo-modernization of existing units, local road infrastructure facilitating urban communication and transport, construction and upgrade of municipal hospital facilities are amongst the projects considered. They will contribute to foster sustainable social and economic development and to improve the quality of life for the 1.7 million inhabitants of Warsaw.
The new commitment follows in the footsteps of two successfully financed projects in favour of the City of Warsaw. It comes with the CEB’s approach to support local and regional authorities in Poland in developing public infrastructure so as to help them also better integrate and enhance their attractiveness on the European regional scene.
Since it joined the CEB in 1998, 33 projects have been approved in Poland representing an accumulated amount of 2.2 billion euros, around half of which has been in the form of direct financing to local authorities.