Clifford Chance LLP

01/27/2021 | News release | Distributed by Public on 01/27/2021 03:12

Clifford Chance advises the European Bank for Reconstruction and Development on the financing granted to the city of Wałbrzych

Clifford Chance advises the European Bank for Reconstruction and Development on the financing granted to the city of Wałbrzych

Clifford Chance advised the European Bank for Reconstruction and Development in connection with the granting of financing to the city of Wałbrzych under two loan agreements. As the second city in Poland, Wałbrzych will become a participant in the EBRD 'Green Cities' programme, intended to promote the sustainable development of cities by supporting investments in such areas as clean urban transport, waste management, energy and thermal upgrading. The financing will be used for the construction of the Wałbrzych road bypass and to finance the thermo-modernisation and related retrofitting of municipally-owned residential buildings.

The Clifford Chance team involved in the transaction included: Andrzej Stosio (Partner), Jared Grubb (Partner), Irena Floras-Goode (Counsel), and Piotr Węcławowicz (Associate).