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EI B - introduction

European Investment Bank support for infrastru cture in Poland Seminario Associazione Nazionale Costruttori Edili Warsaw, 5 th of June 2008. 1. EI B - introduction. EIB priorities and methods of operation. 2. EIB financing for infrastructure in Poland. 3. EI B - introduction.

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EI B - introduction

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  1. European Investment Bank support for infrastructurein PolandSeminario Associazione Nazionale Costruttori EdiliWarsaw,5th of June 2008

  2. 1 EIB - introduction EIB priorities and methods of operation 2 EIB financing for infrastructure in Poland 3

  3. EIB -introduction • Created in 1958, with other EU institutions,for financing projects furthering the EU integration • Subscribed capital EUR 164 bn owned by 27EU Member States (Poland: 2%) • Lending portfolio:about EUR 310bn, annual loan activity about EUR 45bn • Financed projects: motorways,energy,railways, airports, telecommunications... • ...but also investments in preserving the environment, new technologies,development of competitiveness

  4. Germany 16.17 16.17 France 16.17 Italy 16.17 United Kingdom Spain 9.7 4.48 Belgium The Netherlands 4.48 2.97 Sweden Denmark 2.27 Austria 2.23 POLAND 2.07 1.28 Finland Greece 1.22 0.78 Portugal Czech Republic 0.76 Hungary 0.72 Ireland 0.57 Romania 0.52 Slovakia 0.26 Slovenia 0.24 Bulgaria 0.18 Lithuania 0.15 Luxembourg 0.11 Cyprus 0.11 Latvia 0.09 0.07 Estonia 0.04 Malta EIB -shareholders • Bank is controlled by EU Member States (%):

  5. 1 EIB - introduction EIBpriorities and methods of operation 2 EIB financing for infrastructure in Poland 3

  6. EIB financing priorities • The Bank financesinvestments furthering the following priorities: • Economic and Social Cohesion in the enlarged EU • Trans-EuropeanNetworks (TENs) • Energy and Renewable Energy • Research, Development and Innovations • Environmental protectionand improving the quality of environment, including tackling climate changes • Support for SMEs

  7. EIB investments financing basis • Investments > EUR 25 mln (Individual Loans): • Individual big investment projects, financed directly by budget, balance firm-promoter, or in project finance structure • Investment programs containing medium term plans of capital investments consisting on smaller projects (framework loans) • Form of financing: • Bilateral investment loan, up to 50% of investment cost • Terms from 6 to 30 years – according to length of economic life of financed assets • Security based on external rating or financial indicators, standard protection clauses or third party guarantee. • Possibility of risk-taking: new financial instruments – Structured Finance Facility (SFF) and Loan Guarantee for TEN-T (LGTT)

  8. 1 EIB - introduction EIB priorities and methods of operation 2 EIB financing for infrastructure in Poland 3

  9. EIB lending activity in Poland • Since the beginning of its lending activity in Poland, the Bank: • has signed finance contracts for about EUR14 bn • has disbursed over EUR 10 bn to borrowers both in the public and private sector

  10. Infrastructure – EIB key sector • Cumulative EIB lending in Poland (1991-2007) by sectors:

  11. DTS • EUR 80 mln, 1990 • EUR 160 mln, 2007 Roads projects • 19finance contracts for EUR 3,9bn since 1994 TrójmiastoRing road • EUR 33 mln, 2000 A1 - GTC • EUR 500mln, 2005 A2 – AW SA • EUR 275 mln, 2000 A2 – GDDKiA • EUR 175 mln, 2003 A4 - GDDKiA Other • Transit Roads, EUR 140 mln, 2001 • Road Infrastructure, EUR 380 mln, 2002 • Priorities road Rehabilitation, EUR 150 mln, 2001; EUR 150 mln, 2004; EUR 350 mln, 2006 • Roads Modernization, EUR 200 mln, 2006 • Roads Rehabilitation, EUR 300 mln, 2007 • EUR 125 mln, 1994 • EUR 100 mln, 1996 • EUR 150 mln, 1998 • EUR 46 mln, 2000 • EUR 80 mln, 2001

  12. Railprojects • 8 finance contracts for EUR 815 mln since 1990 RAILWAYS TABOR PKP SA Group PKP INTERCITY • EUR 20 mln, 1990 • EUR 200 mln, 1993 • EUR 40 mln, 1995 • EUR 50 mln, 2005 MAZOWIECKIE RAILS • EUR 50 mln, 2006 PLK SA • EUR 80 mln, 2001 • EUR 300 mln, 2004

  13. Local governments projects • 17 direct finance contracts with12municipalities or their public utility enterprises • Additionally financing through Global Loans Szczecin Bydgoszcz Gdańsk • Municipal and environmental infrastructure EUR 20 mln, 2001 • Municial infrastructure II, EUR 30, 2006 • Municipal infrastructure EUR 35 mln, 2004 • Municipal infrastructure, EUR 37 mln, 2007 Warsaw Toruń • Water mains and canalizationEUR 45 mln, 1994 • Municipal infrastructure, EUR 47 mln, 2004 • Municipal and environmental infrastructure EUR20 mln, 2000 Poznań Łódz • Revitalisation and housing construction EUR 13 mln, 2002 • Water mains and canalization, EUR 128 mln, 2005 • Municipal and environmental infrastructure EUR 31 mln, 2001 • Health and Education, EUR 25 mln 2001 Wrocław Czestochowa • Transport infrastructure EUR 100 mln, 2005 • Municipal infrastructure EUR 29 mln, 2006 Katowice • Municipal infrastructureEUR20 mln, 1997 • Municipal infrastructureII, EUR 50 mln, 2004 Bielsko-Biała Kraków • Municipal and environmental infrastructureEUR 22 mln euro, 2000 • Municipal transportEUR 45 mln, 1998

  14. THANKS FOR YOUR ATTENTION m.deufemia@eib.org http://www.eib.org

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