Search En menu en ClientConnect
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    First signature
    EUR 126,541,207.01
    Urban development
    See more


    € 126,541,207.01
    Poland : € 126,541,207.01
    Urban development : € 126,541,207.01
    Signature date(s)
    3/10/2023 : € 126,541,207.01
    Link to source

    Summary sheet

    Release date
    5 June 2023
    Signed | 03/10/2023
    Project name
    Promoter - financial intermediary
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    PLN 1500 million (EUR 340 million)
    PLN 1521 million (EUR 345 million)

    The project consists in a multi-sector framework loan supporting the investment programme 2022-2028 of the City of Kraków, as well as its Urban Development Strategy 2030-2050 and Climate Strategy. In this regard, Kraków has set the ambitious goal to become climate neutral by 2030 and forms part of the 100 Climate-Neutral and Smart Cities EU Mission.

    The project covers new construction, refurbishment, and upgrade of urban infrastructure, comprising public buildings (schools, health centres, sport facilities, etc.), open spaces and green areas, flood protection, RE and EE investments, sustainable mobility schemes, and modernisation of urban roads including road safety and climate measures. It is envisaged that mainly small and medium sized schemes (cost below EUR 50 m) will be included in this operation. The Project is presented under Ukraine Solidarity Package Programme EU Member States (2022- 0277) Operation and as such, follows the expanded eligibilities and other requirements defined in the Programme Loan (PL). In this regard, the Project considers the long-term increased need for public services and infrastructure in Kraków resulting from the approximately 19% population increase due to presence of displaced persons from Ukraine.

    Additionality and Impact

    The Project supports the implementation of the Kraków Development Strategy and related Sectoral Strategies, as well as the city Climate Strategies, including the most recent one targeting Climate Adaptation. This Project covers urban development, regeneration and renewal helping Kraków to build, refurbish, and upgrade urban infrastructure and public buildings. This is the fourth municipal multi-sector Framework Loan done with the Municipality of Kraków and the previous monitoring experience has been very good.

    The Project is consistent with the EU Framework for Urban Development and Regeneration. In addition, the Project supports the efforts from the European Commission and Member States in respond to the Ukrainian conflict and the current refugee crisis. The Project is also consistent with the EIB strategies and guidelines related to eligible sectors, including the Bank's Urban Lending Review, the Energy Lending Policy, and the Transport Lending Policy.

    The Project is aligned to the Climate Bank Roadmap and the EIB Gender Equality Strategy and Action Plan. In this regard, the Project's contribution to the Bank's climate action and environmental sustainability objectives is estimated at approx. 35% of the total cost. The Project complies with a Significant Gender Tag, enabling women's access to economic opportunities.


    The Project considers the long-term increased need for public services and infrastructure resulting from the approximately 19% population increase due to presence of displaced persons from Ukraine (mostly women and children).

    The Project will contribute to promoting progress toward multiple Sustainable Development Goals, being the most significant one the contribution to sustainable cities and communities.


    The Project addresses a number of market failures and will bring important economic and social benefits, contributing to achieving a more integrated, sustainable, and inclusive development, improving the living conditions of the citizens and other people visiting or living the city, as is currently the case of many Ukrainian refugees. Moreover, the Project will help alleviate the need for financing in Kraków, contributing to increase infrastructure capacity, providing quality services, and continuing meeting temporary expenditures while transitioning to a more long-term situation regarding the war in Ukraine and the number of Refugees hosted in the City.

    The Technical Assistance and Advice provided to this Project is deemed as very good, contributing notably to structure the operation. In addition, Technical Assistance from EMBRACE Advisory Platform has been proposed to the Promoter who has received very positively and is expected to soon define its scope.  

    Environmental aspects

    The compliance with the relevant EU Directives will be verified during appraisal: Directive 2014/52/EU amending the Environmental Impact Assessment (EIA) Directive 2011/92/EU, EU SEA Directive 2001/42/EC, EU Habitats Directive 92/43/EEC and EU Birds Directive 2009/147/EC. For new and refurbished buildings, the compliance with EU Directive 2010/31/EU on Energy Performance of Buildings will be further examined during appraisal. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate adaptation, and pollution prevention and control.

    The Bank will require the promoter to ensure that contracts for implementation of the project will be tendered in accordance with the applicable EU procurement legislation: Directive 2014/23/EU / 2014/24/EU / 2014/25/EU as well as Directive 92/13/EEC or Directive 89/665/EEC] as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

    Under appraisal
    28 July 2023
    3 October 2023
    Related projects
    Link to source
    Other links


    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).


    Environmental and Social Data Sheet (ESDS) - KRAKOW URBAN DEVELOPMENT
    Publication Date
    22 Aug 2023
    Document language
    Main Topic
    Document Number
    Document Focus
    Environmental Information
    Project Number
    Publicly available
    Download now

    Inside the project

    How and Why

    Building a greener Kraków


    • Kraków faced air pollution, damaging residents’ quality of life
    • Unexpected infrastructure pressure due to the arrival of refugees from Ukraine
    • Need to make the city more resilient to climate change


    • A multi-sector framework loan to finance a range of projects upgrading Kraków’s urban infrastructure.
    • Building new social, educational, and cultural facilities to meet the increased demand
    • Modernization and upgrade of the city’s existing infrastructure


    Supporting a growing city

    • Kraków will transform into a smart and climate-neutral metropolis
    • New public buildings such as schools, health centres, and sports facilities, open spaces and green areas, and flood protection infrastructure
    • Improvement in quality of life and services for Kraków residents
    • Boosting local economy
    We want to be perceived as a city of innovation, a scientific and research and development centre, a leader in sustainable urban development and climate action
    Andrzej Łazęcki

    director, Kraków’s department of municipal management and climate



    The European Investment Bank approved €334 million financing for Kraków

    Play video




    Facing a humanitarian and environmental crisis

    For a long time, air pollution cast a dusty shadow over Kraków’s beauty, damaging the quality of life of its residents. To change that, Kraków is working on an urban plan to transform into a climate-neutral and smart metropolis.

    It’s also a city with unexpected infrastructure pressure. Russia’s invasion of Ukraine brought approximately 270 000 refugees to Kraków. These arrivals created a bigger demand for public infrastructure and services, such as education, healthcare, and housing.

    Despite the war in a country less than 300 km away, Kraków didn’t give up its ambitious climate goals. Instead, it wants to hit two targets at once—make the city greener and upgrade and renovate Kraków’s urban infrastructure to accommodate the needs of its citizens and the Ukrainian arrivals.

    ogusław Świerzowski /
    We can learn a lot from Kraków’s approach to dealing with climate change and the current humanitarian crisis
    Leonor Berriochoa

    senior engineer, European Investment Bank

    We focused on the integration of the newly arrived Ukrainian population and their inclusion in all public services, which needs to be extended to accommodate the newly arrived people
    Elżbieta Żurek-Kois

    director, department of social affairs and health, Municipality of Kraków

    Why is green urban development important?



    EIB investments in Poland in 2022

    For cities to prosper and grow, urban development is necessary. Modernising public infrastructure improves the quality of life for residents and boosts local economies. Well-planned urban development encourages innovation and fosters social cohesion and environmental sustainability, making cities more vibrant, inclusive, and resilient.

    It can also help cities adapt and deal with a humanitarian crisis. Urban development projects, which build new public infrastructure and upgrade existing one in an inclusive and integrated way, are important for meeting the needs of citizens like education, healthcare, and employment.

    Kraków's approach is distinguished by the inclusion of citizens in the decision-making process.

    Bogusław Świerzowski /

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

    Related publications