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

  • Will standardisation increase ITS interoperability?
    February 1, 2012
    Theoretical balance Kallistratos Dionelis, secretary general of ASECAP, comments on the European Commission's new ICT Standardisation Work Programme. I've just read a proposal from the European Commission on the 2010-2013 ICT Standardisation Work Programme. As ASECAP Secretary General this is one of my responsibilities. I work to receive information, to disseminate information and to build bridges and mutual understanding between policy-makers and the industrial world, between ASECAP and others.
    Read More
  • Section of M6 motorway to be made ‘smart’
    November 1, 2013
    A section of the M6 motorway in the UK between junctions 10a and 13 is to be upgraded to a smart (managed) motorway with all-lane running. This section of the motorway is a major strategic route, carrying around 120,000 vehicles per day.
    Read More
  • Progress towards a pan-European cooperative infrastructure
    July 17, 2012
    Kallistratos Dionelis, General Secretary of ASECAP, makes the case for a lightly regulated, staged progression towards a pan-European cooperative infrastructure environment, the achievement of which should look to engender cooperation between the public and private sectors. Such an approach, he says, is the only real path to success.
    Read More
  • New approach to data handling aids development of smarter cities
    January 14, 2013
    David Crawford has been to the Irish capital to see a potent memorandum of understanding at work. An imaginative collaboration between the world’s largest IT company and one of Europe’s smaller capital cities is demonstrating a new approach to data handling that could have far reaching implications for urban public transport worldwide. A close working relationship between IBM and Dublin City Council (DCC) dates from 2010.
    Read More

Highlighted Content