Poland nears PB for social housing PPP


The Polish municipality of Żory is in the competitive dialogue phase for a 116 million zloty ($28m) social housing PPP scheme, IJGlobal has learnt.

 Five bidders are in the running:

  • Budimex (Ferrovial)
  • Hochtief
  • Mirbud
  • Mota-Engil
  • Warbud

Due to capital increases, the project will be part-financed using a funding package from the Polski Fundusz Rozwoju (PFR) – the Polish Development Fund – as well as private funding.

The government is supporting the project due to a lack of social housing the area.

The housing will span:

  • 5 residential buildings
  • 440 units

The  development will be of a “luxury standard” as Żory municipality leans more towards wealthier residents, according to sources close to the project.

Snapshots

Transaction Snapshot

Zory Social Housing Portfolio PPP


Value:
$29.03m USD
Concession Period:
20.00 years
PPP:
Yes
Full Details