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GrCF2 W2 - Warsaw Metro Line II extension



Project number:


Business sector:

Municipal and environmental infrastructure

Notice type:


Environmental category:


Approval date:

28 May 2020



PSD disclosed:

10 Nov 2017

Project Description

Provision of a senior loan of up to PLN 392.5 million to co-finance acquisition of up to 45 metro trains required by the Warsaw Metro in connection with the expansion of its second line. The Project is a part of the EBRD Green Cities Framework. The facility is designed to serve as a sector-wide catalyst for addressing environmental challenges at the city level.

Project Objectives

The expansion of Metro Line II is an important investment in the development of high-capacity public transport in Warsaw, which is expected to reduce traffic congestion in the City of Warsaw, lower the overall carbon footprint of the urban transport sector, and bring additional modal shift from personal cars and busses to the subway system.

Transition Impact

ETI score: 60

ETI 70. The Project is Warsaw's first investment under the Green Cities Framework 2 ("GrCF2"). 

The GrCF2 is a strategic and multi-project approach targeting environmental issues in selected large cities in the Bank's countries of operation. It is aimed at covenanting and supporting the cities in the preparation of a comprehensive city-specific Green City Action Plan ("GCAP"), identifying and prioritising environmental challenges and ways to address them through targeted investments, services and policy instruments. The Project will pursue Green and Well-governed TI objectives which are consistent with the Green Cities Framework ("GrCF").

The Project is fundamental for the increased share of the public transportation in the daily commuting modes and to the success of achieving the reduction of CO2 emissions as well as reduction of fine particles and traffic congestion levels. In addition to that, the Project is expected to bring additional energy efficiency through the replacement of the old and less efficient metro trains.


Client Information


Metro Warszawskie Sp. z o.o. ("Warsaw Metro" or the "Company"), a limited liability company wholly owned by the City of Warsaw and providing urban transport services on two subway lines in Warsaw.

EBRD Finance Summary

PLN 196,250,000.00

EBRD financing will be part of a syndicated loan facility for the entire amount of up to PLN 392.5 million to co-finance the new rolling stock to be purchased by the Company, which is part of the Warsaw Metro development project implemented by the City of Warsaw and the Company (the "Project"). The Project is expected to be co-financed from the EU Cohesion Funds, the Company and debt financing.

Total Project Cost

PLN 1,306,943,164.00

The entire value of the Project amounts to PLN 1,306,948,482.40.


The Bank is uniquely positioned to assist the City in addressing environmental challenges through the preparation and implementation of a GCAP and CAP.

Environmental and Social Summary

Categorised B (2019 ESP), Low-Medium risk. Acquisition and operation of the rolling stock to be used at existing metro Line I and Line II and expanded in the future LINE II in Warsaw will result in net environmental benefits related to expected savings of CO2, NOx and PM emissions form car and bus transportation in the city.

 The environmental and social due diligence ("ESDD") for Tranche II was carried out by Environmental Sustainability Department ("ESD") and included review of environmental  health and safety ("EHS") questionnaires, meetings and review of the corporate environmental, health & safety ("H&S"), labour management systems implemented by the Company, review of communication and stakeholder procedures, services safety and supervision and reporting from Contractors and implementation of the environmental and social action plan ("ESAP") agreed under Bank's previous transaction with Warsaw Metro (DTM 39386) maturing in 2024. ESDD also considered the environmental and social ("E&S") issues associated with Line II, where the rolling stock financed under this transaction will be used in the future. Initial section of Line II was covered by an independent ESDD carried out in 2010. For further extensions of Line II, the national environmental impact assessment ("EIA") documentation, permitting and compliance with local development plans are under review and this will be finalised prior to the Board. The Line II extension is being constructed using the tunnel boring method, which means that the temporary impacts during construction will largely confined to the areas around the new stations.

 The ESDD has confirmed that the Warsaw Metro's operations are covered by a mature certified integrated management system in line with PN-EN ISO 9001:2015-10, PN-EN ISO 14001:2015-09 and still applicable at the time of last re-certification PN-N-18001:2004. The Company has appointed suitably qualified environmental and health and safety management overseeing operational aspects, as well cooperating closely with the investment department, which oversees works carried out by contractors. Services safety is governed by a set of procedures and authorisations given by a national Railway Transportation Board in regards to safe operation of trains, stations and infrastructure.

 The Company employs (as of March, 2020) 2678 employees, 84.65% men and 15.35% women. There are 4 trade unions operating in the Company. The majority of employees belongs to one of 4 trade unions. There is a Collective Agreement and Employee Rulebook, which are consulted with trade unions, in particular in relations to pay levels according to employee group labour standards are in line with Polish national requirements and aligned with EU labour legislation. There were no protests or disputes with trade unions in the last 3 years. The Company operates non-discrimination policy and has implemented internal grievance mechanism, albeit further improvements have been suggested in the ESAP.

 The Company diligently implemented ESAP agreed with the Bank in 2011, including provision of noise barrier at Kabaty (end of Line I) depot, implementation of ongoing noise monitoring, improvements to wastewater discharges from depots and implementation of grievance mechanism. The Company has been providing regular comprehensive annual EHS reports to the Bank.

 The ESAP has been revised to strengthen internal grievance mechanism,  and formalise a range of stakeholder engagements activities carried out by the Metro, particularly in regards to construction of extension lines, which can be considered good international practise and to continue to monitor contractors in regards to implementation of environmental conditions stipulated in environmental permits and H&S performance. The Bank will continue to monitor company's EHS performance and compliance with EBRD PRs through review of Annual Reports and Monitoring visits as required.

Technical Cooperation and Grant Financing

Pre signing: Technical and economic due diligence. EUR 5,100, funded from the Bank's own resources.

Post signing: Development of Green City and Climate Action Plan ("GCCAP") for the City. The cost of GCCAP will amount to approx. EUR 290.5 thousand to be financed by TaiwanBusiness - EBRD Technical Cooperation and Poland's Ministry of Finance. 

Company Contact Information

Anna Barton
+48 22 655 45 31

PSD last updated

07 Nov 2022

Understanding Transition

Further information regarding the EBRD’s approach to measuring transition impact is available here.

Business opportunities

For business opportunities or procurement, contact the client company.

For business opportunities with EBRD (not related to procurement) contact:

Tel: +44 20 7338 7168

For state-sector projects, visit EBRD Procurement:

Tel: +44 20 7338 6794

General enquiries

Specific enquiries can be made using the EBRD Enquiries form.

Environmental and Social Policy (ESP)

The ESP and the associated Performance Requirements (PRs) set out the ways in which the EBRD implements its commitment to promoting “environmentally sound and sustainable development”.  The ESP and the PRs include specific provisions for clients to comply with the applicable requirements of national laws on public information and consultation as well as to establish a grievance mechanism to receive and facilitate resolution of stakeholders’ concerns and grievances, in particular, about environmental and social performance of the client and the project. Proportionate to the nature and scale of a project’s environmental and social risks and impacts, the EBRD additionally requires its clients to disclose information, as appropriate, about the risks and impacts arising from projects or to undertake meaningful consultation with stakeholders and consider and respond to their feedback.

More information on the EBRD’s practices in this regard is set out in the ESP.

Integrity and Compliance

The EBRD's Office of the Chief Compliance Officer (OCCO) promotes good governance and ensures that the highest standards of integrity are applied to all activities of the Bank in accordance with international best practice. Integrity due diligence is conducted on all Bank clients to ensure that projects do not present unacceptable integrity or reputational risks to the Bank. The Bank believes that identifying and resolving issues at the project assessment approval stages is the most effective means of ensuring the integrity of Bank transactions. OCCO plays a key role in these protective efforts, and also helps to monitor integrity risks in projects post-investment.

OCCO is also responsible for investigating allegations of fraud, corruption and misconduct in EBRD-financed projects. Anyone, both within or outside the Bank, who suspects fraud or corruption should submit a written report to the Chief Compliance Officer by email to All matters reported will be handled by OCCO for follow-up. All reports, including anonymous ones, will be reviewed. Reports can be made in any language of the Bank or of the Bank's countries of operation. The information provided must be made in good faith.

Access to Information Policy (AIP)

The AIP 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 following its entry into force on 1 January 2020. Please visit the Access to Information Policy page to find out what information is available from the EBRD website.

Specific requests for information can be made using the EBRD Enquiries form.

Independent Project Accountability Mechanism (IPAM)

If efforts to address environmental, social or public disclosure concerns with the Client or the Bank are unsuccessful (e.g. through the Client’s Project-level grievance mechanism or through direct engagement with Bank management), individuals and organisations may seek to address their concerns through the EBRD’s Independent Project Accountability Mechanism (IPAM).

IPAM independently reviews Project issues that are believed to have caused (or to be likely to cause) harm. The purpose of the Mechanism is: to support dialogue between Project stakeholders to resolve environmental, social and public disclosure issues; to determine whether the Bank has complied with its Environmental and Social Policy or Project-specific provisions of its Access to Information Policy; and where applicable, to address any existing non-compliance with these policies, while preventing future non-compliance by the Bank.

Please visit the Independent Project Accountability Mechanism webpage to find out more about IPAM and its mandate; how to submit a Request for review; or contact IPAM  via email to get guidance and more information on IPAM and how to submit a request.


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