EIB supports development of the cultural district

The European Investment Bank (EIB) is lending PLN 254,2 million (approx. EUR 65 million) to develop the cultural district of Katowice. The EIB funds will finance the construction of the International Convention Center (ICC), the new seat of the National Polish Radio Symphony Orchestra (NPRSO) and the connecting infrastructure in the cultural district, i.e. streets, utilities, sewerage, etc.

The ICC will provide accommodation for up to 12 000 people in theater seating and related public areas and services so that it can host international scientific congresses. The construction of NPRSO’s building will make possible to expand the activities of this famous orchestra in Katowice. The new complex will include 116 practice rooms, offices, storage, etc, plus a 1 672 seat combined practice auditorium and concert hall, and a 300 seat combined practice room and hall for chamber music.

Both the Center and the Concert Hall will be located in the cultural district, which used to be a hard coal mine and is crucial to the Katowice development due to its close proximity to the City Center.

The City of Katowice is the recipient of the EIB loan and the project promoter. The loan represents a continuation of the cooperation between the EIB and Katowice. The Bank has previously provided three loans to Katowice amounting to some EUR 93 million for upgrading municipal infrastructure.

About the Bank
The EIB is the long-term lending bank of the European Union. Its main task is to contribute towards the integration, balanced development and economic and social cohesion of the EU Member States. Besides supporting projects in the EU Member States, its lending activities also include financing investments in future Member States of the EU and EU partner countries.