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Inglese/Francese EIB lends CZK 1 billion for urban infrastructure upgrading in Olomouc
Inglese/Francese EIB lends CZK 1 billion for urban infrastructure upgrading in Olomouc 
Inglese/Francese EIB lends CZK 1 billion for urban infrastructure upgrading in Olomouc Diventa un fan di Tribuna Economica su
| EIB lends CZK 1 billion for urban infrastructure upgrading in Olomouc |
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| Monday 06 July 2009 | |
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The European Investment Bank (EIB) is lending CZK 1 billion (some EUR 39 million) to the City of Olomouc (Central Moravia) to finance various smaller urban regeneration projects focused on the improvement, rehabilitation, upgrading and extension of Olomouc’s municipal infrastructure in the areas of transport, environmental protection, education, cultural heritage and other municipal services. EIB long-term funds, provided on favourable terms at a time of difficult market conditions, will help Olomouc to finance projects implementing the city’s Strategic Development Plan for 2007-2013, enhancing the quality of life of citizens and strengthening the city’s competitiveness. Some projects will be supported by EU Structural and Cohesion Funds. The projects to be financed by the EIB loan include the reconstruction of the railway station plaza, purchase of easy access trams and buses, reconstruction of parts of the flora exhibition area, and the implementation of energy-saving measures at the city’s elementary and nursery schools. This is the first EIB loan provided to the City of Olomouc. The Bank has previously granted two loans to the Olomouc Region amounting to CZK 3.9 billion. These funds co-financed projects in the areas of local transport infrastructure, public administration services, environmental protection and energy savings and efficient use of energy resources. |
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