Ground-breaking car parking PPP in Poland

The European Bank for Reconstruction and Development (EBRD) is helping to inject private finance into the modernisation of Poland’s municipal transport system with a loan for the construction and operation of an underground car park in the historic part of Wroc³aw, Poland’s fourth largest city.
April 20, 2012 Read time: 2 mins
The 2001 European Bank for Reconstruction and Development (EBRD) is helping to inject private finance into the modernisation of Poland’s municipal transport system with a loan for the construction and operation of an underground car park in the historic part of Wroc³aw, Poland’s fourth largest city.

This will be the first project in Wroc³aw to be implemented under a Public Private Partnership (PPP) scheme. The project also launches the city’s programme to carry out urban transport improvements in order to reduce congestion and further boost economic development in south-western Poland.

The EBRD is providing a PLN 31.3 million (US$11.21 million) loan to Immo Park, a special purpose vehicle created to finance the construction and operation of the underground car park, and owned by a specially-established consortium led by the Portuguese Mota Engil group.

Following its successful participation in the tendering process, the city of Wroc³aw has awarded Immo Park a 40-year concession to develop, build, operate and maintain the parking facility under the city’s historic Nowy Targ Square.

The project includes the construction of a car park intended for parking 331 vehicles, as well as the refurbishment of the old square, which will see new lighting, benches and trees. The construction works are planned to be completed by July 2013.
Urban Traffic Control

For more information on companies in this article

Related Content

  • Consortium selected for Maryland LRT project
    March 3, 2016
    The Purple Line Transit Partner consortium, comprising Fluor Enterprises, Meridiam Infrastructure Purple Line and Star America Purple Line has been selected preferred team to design, build, finance, operate and maintain the Purple Line project for the Maryland Department of Transportation (MDOT) and the Maryland Transit Administration (MTA). Located in the Washington Metropolitan Region, the project includes 21 stations along a 16-mile alignment through Montgomery and Prince George’s counties. The U
    Read More
  • Severn tolls will be abolished by the end of next year
    July 24, 2017

    Drivers will see an end to tolls on the UK’s Severn Crossings in 2018; the bridges are used by more than 25 million vehicles each year, saving significant travel time and distance for commuters and drivers using the M4 motorway.

    However, the tolls on both Severn Crossings have been seen as an economic and symbolic barrier to Wales’ future prosperity.

    It is estimated that this announcement would boost the economy of South Wales by around US$130 million (£100 million) a year and the average motorist could save over US$1,800 (£1,400) per year.

    Read More
  • Dutch strike public/private balance to introduce C-ITS services
    November 15, 2017
    Connected-ITS applications are due to appear on a nation-wide scale this summer, through the Netherlands’ Talking Traffic Partnership – if all goes to plan. Jon Masters reports. The Netherlands’ Talking Traffic Partnership (TTP) looks almost too good to be true: an artificial market set up and supported by national, regional and local government to accelerate deployment of Connected ITS (C-ITS) applications. If it does have any serious flaws, these are going to become apparent quite soon, because the first
    Read More
  • Mega trends will challenge transport technology
    June 5, 2015
    Jon Masters investigates some of the longer term trends that will shape transportation over the next 20 years. Business analysts and investors have already placed their bets on a future of technological smart mobility services. In December last year, the Wall Street Journal reported that Uber, the on-demand taxi and lift share smartphone app and start-up business, had been valued at $41.2 billion which, as the Journal reported, is an incredible vote of confidence for a company only five years old.
    Read More

Highlighted Content