The Warsaw office of Eversheds has advised the City of Warsaw on obtaining PLN 1 billion financing from the European Investment Bank (EIB). The financing will go towards funding projects in transport, education, healthcare, social services and public spaces.
The Eversheds team was led by Partner Krzysztof Haladyj, head of the firm's Polish banking and finance practice, who was supported by lawyer Tomasz Balawajder. Haladyj commented, on the deal, that: “This is the latest in a string of transactions on which we have advised that have involved financing projects for the development of urban infrastructure. We also recently advised Warsaw tram operator Tramwaje Warszawskie on obtaining loans to achieve its strategic development plans, as well as the municipal water and sewer authority Miejskie Przedsiebiorstwo Wodociagow i Kanalizacji w m. st. Warszawie S.A. on obtaining financing for construction of the Czajka wastewater treatment plant, amongst other projects.”
Eversheds previously advised the City of Warsaw on obtaining financing from the EIB in 2013 for the expansion of the Warsaw Metro.