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MUNICIPAL INVESTMENTS sources of financing

THE CITY OF POZNAŃ. MUNICIPAL INVESTMENTS sources of financing. Szymon Ościsłowski. Sources of financing. city budget commercial loans municipal bonds loans of IFIs (e.g. EIB) preferential loans external funds Public Private Partnership private sources. City budget.

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MUNICIPAL INVESTMENTS sources of financing

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  1. THE CITY OF POZNAŃ MUNICIPAL INVESTMENTSsources of financing Szymon Ościsłowski

  2. Sources of financing • city budget • commercial loans • municipal bonds • loans of IFIs (e.g. EIB) • preferential loans • external funds • Public Private Partnership • private sources

  3. City budget *all figures in Polish zlotys source: Department of Budget and Analysis, Poznań City Hall

  4. Commercial loans Commercial banks 2006 total amount: 7,9 MEUR source: Department of Budget and Analysis, Poznań City Hall

  5. Municipal bonds • number of tranches: 7 • years of issues: 2001, 2003 - 2006 • total amount: 170 MEUR • purpose: road infrastructure, public transport, housing, environment protection, education, health infrastructure, culture, tourism and sports infrastructure, public safety source: Department of Budget and Analysis, Poznań City Hall

  6. Loans of International Financial Institutions European Investment Bank • total amount: 13 000 000 EUR • period of financing: 2002 - 2022 • used tranches: 2 100 000 EUR (2006) • purpose: renovation of tenement houses source: Department of Budget and Analysis, Poznań City Hall

  7. Preferential loans • Regional Fund for Environmental Protection and Water Management 2006: 2 500 000 EUR purpose: environmental investments • National Fund for Environmental Protection and Water Management 2005: 1 150 000 EUR purpose: environmental investments source: Department of Budget and Analysis, Poznań City Hall

  8. External funds • Sources of financing: Phare, ISPA, European Regional Development Fund, European Social Fund, Cohesion Fund, Community Programmes and Initiatives, Financial Mechanism of EEA and NMF • Number of granted projects: 45 • Total value of the projects: 220 MEUR • Types of the projects: roads, public transport, tourist and sports infrastructure, culture, IT infrastructure, urban regeneration, education, social welfare, international co-operation, improving administration capacity, tackling drug crime etc. source: City Development Dept., Poznań City Hall

  9. Public-Private Partnership • Legal basis for a public-private partnership scheme has been determined in the Polish act of 2005 • Terms similar to public-private partnerships before the adoption of the PPP act: 1. Solutions adopted in the regulations concerning public procurement 2. Provisions of Public Road Act source: Department of Municipal and Housing Administration, Poznań City Hall

  10. Example of the investment carried out within the framework of the PPP in the city of Poznań Public-Private Partnership An underground parking lot under Plac Wolności – PPP form – BOT (Build – Operate – Transfer) Total cost: 11 MEUR source: Department of Municipal and Housing Administration, Poznań City Hall

  11. Provisions of Public Road Act Article 16 of the Public Road Act 1. The construction or reconstruction of public roads, resulting from an investment other than a road investment, is the investor’s responsibility. 2. Detailed conditions of road construction and reconstruction mentioned in excerpt 1 are determined in the contract between the road administrator and the investor of a non-road investment source: Department of Municipal and Housing Administration, Poznań City Hall

  12. Projects realised under the Article 16 of the Public Road Act The construction and reconstruction of the transport system and the indispensable technical infrastructure related to the Domy Towarowe Casino S.A. investment (Casino Department Stores S.A.) private participation: 7 MEUR • Crossroads: ul. Bukowska, ul. Bułgarska, ul. Polska in Poznań • Jasna street • The reconstruction of Bułgarska street (works in progress) and Bukowska street together with the intersection of: Polska, Bukowska and Bułgarska streets source: Department of Municipal and Housing Administration, Poznań City Hall

  13. Projects planned between 2007 - 2011 according to the Multiannual Investment Programme * all figures in thousands Polish zlotys Types of projects: road infrastructure, public transport infrastructure and fleet, airport infrastructure, housing, environment protection, education and health infrastructure, culture, tourism and sports infrastructure, public safety, renovation of tenement houses source: City Development Dept., Poznań City Hall

  14. Projects planned to be financed under OPs 2007 - 2013 Because of preparation for the Programming Period 2007 - 2013, the city of Poznań has identified priority areas and prepared a package of tasks which may be financed by structural funds and Cohesion Fund. Total number of the project amounts to 150 and their cost exceeds 2,5 billion euro. source: City Development Dept., Poznań City Hall

  15. Conclusions 1. Lack of non-commercial financial instruments, which may support municipal investments 2. Problems in financing: • integrated programmes of urban areas (e.g. Municipal Regeneration Programme) - not sufficient allocation in OPs - lack of instruments to attract private sector, • large infrastructure projects (e.g. 3rd communication ring)

  16. Thank you for your attention

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