14 Mar 2019
EUR 102.26 million
Financial institutions and SMEs
|Date of loan:||12 Dec 2008|
|Customer:||Gdansk Transport Company S.A.|
|Amount in EUR:||EUR 150 million|
|NACE sector / loan type:||Construction|
|Business area:||Infrastructure, transportation and telecom|
The 30-year-maturity loan totalling EUR 150 million has been provided for Phase 2 of the A1 motorway in Poland. The motorway construction is being implemented as a public-private partnership (PPP) project. Gdansk Transport Company S.A. (GTC) holds the concession to design, construct, finance and operate a 152-kilometre section of the A1 motorway between Gdansk and Torun. The concession expires in 2039.
The project has been divided into two phases: Phase 1, encompassing a new 90-kilometre dual-carriage motorway from Gdansk to Nowe Marzy launched in October 2008, and Phase 2, covering 62 kilometres from Nowe Marzy to Torun. The commissioning of Phase 2 is scheduled for 31 December 2011.
The motorway is part of Trans-European Corridor No 6, which is important for Scandinavian countries in improving transport connections to central and southern Europe.
GTC is a special-purpose enterprise owned by Swedish Skanska Infrastructure Development AB (30%), British John Laing Infrastructure Limited (29.69%), Polish NDI Autostrada Sp.z o.o. (25.31%), and South African Intertoll Infrastructure Development BV (15%).
The construction of the 62-kilometre stretch of the motorway will be carried out on a mixture of new (52 kilometres) and old (10 kilometres) alignment. The motorway course will not interfere with densely populated areas. The project will cross two Natura 2000 sites. Important areas for protection are the Grudziadz Basin from the Nowe Marzy junction through the Vistula river valley and riverbed, and the Grudziadz junction to the edge of the Chelminskie Lake District plateau. Less complex problems are related to the motorway crossing of the Vistula river near Torun or the segment located in the central part of the Chelminskie Lake District. Actions have been recommended for the problem sections in order to limit the investment's negative environmental impact.
The project is in the environmental category A. In accordance with NIB's environmental policy, information about this project was publicly disclosed on the Bank's website for a period of 30 days prior to the Board of Directors making a decision on financing the project. No comments on the project have been received. The financing of the project is in accordance with NIB's credit policy.