EIB grants EUR 19m loan for Szczecin urban revitalization projects – The First News

Szczecin is the second city in Poland to benefit from EIB loans to finance an urban development plan.
Marcin Bielecki / PAP

The European Investment Bank (EIB) has granted two municipal associations of social construction a total of 85 million PLN (19.07 million euros) in loans for the revitalization of the Downtown and Stare Dabie districts of the city of Szczecin , in northern Poland.

The objective of the investment is to revitalize a historic part of the city, ensure social cohesion and promote innovative energy-saving solutions in part of the city’s building stock, the service announced on Tuesday. press release from the Representation of the European Commission in Poland.

Szczecin is the second city in Poland to receive EIB loans to finance an urban development plan, with two municipal enterprises in the western city of Poznań being the first, the EC said. The EIB has pledged to lend two social housing associations belonging to the city of Szczecin up to PLN 85 million for the construction and renovation of 250 inexpensive apartments and the associated underground car park.

Investing in more energy efficient apartments in Szczecin will save more than 3,200 GJ per year, resulting in lower energy consumption, lower emissions and lower energy bills. , according to press reports.

“This is the first EIB loan for residential businesses in Szczecin and I am happy that it is helping to solve two problems that the social housing sector is grappling with: dwindling housing stock and still quality. worse aging buildings, ”said the EIB Vice-President. -President Teresa Czerwinska was quoted in a press release, adding that “the availability of prices and the social fabric of our cities are the basis of the urban agenda of the European bank”.

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