Gdansk Urban Transport Project - Phase III

Location:

Poland

Project number:

40349

Business sector:

Municipal and environmental infrastructure

Notice type:

Public

Environmental category:

B

Status:

Cancelled

PSD disclosed:

20 Mar 2009

Project Description

The EBRD is considering co-financing an investment programme of the municipal transport company in Gdańsk encompassing inter alia:

(i) purchase of 35 new trams
(ii) modernisation of the depot.

Transition Impact

Transition impact of the Project comes from reinforcing transition achievements of the earlier transaction with the EBRD and assisting the client in further implementation of the pre-agreed transition objectives (including outsourcing of selected services to the private sector). The Bank financing would help the client to overcome difficulties and constraints brought about by the financial crisis and worsening availability of external funding. In this respect the proposed financing is a part of the Bank’s crisis response strategy.

The project also responds to the Bank’s operational priorities for Poland which intend to stimulate development of revenue backed financing and increase the supply of long-term finance for infrastructure projects.

The Client

Zakład Komunikacji Miejskiej w Gdańsku Sp. z o.o. - the municipal transport company.

EBRD Finance

Purchase of up to PLN 160 million revenue bonds.

Project Cost

Not available at the moment.

Environmental Impact

Screened B according to 2008 Environmental and Social Policy. The project is likely to result in environmental benefits and limited adverse impacts. Such impacts will be identified and assessed through environmental and social due diligence. The environmental and social status and performance of the existing facility will also be reviewed and the existing Environmental Action Plan may need to be adjusted accordingly. In line with the 2008 Environmental and Social Policy the Project Summary Document will be updated in case these changes are significant.

Technical Cooperation

None.

 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Share this page: