This investment loan, backed by the InvestEU guarantee and implemented by the Polish Development Bank, aims to support Polish businesses by providing financing for projects that stimulate economic growth and innovation. The guarantee reduces the risk for the bank, enabling it to offer more favourable loan terms and support investments in areas such as infrastructure, digitalisation, and sustainable development.
Programme name
Investment Loan with the InvestEU guarantee implemented by the Polish Development Bank (BGK)
Objective(s) and scope
Commission and Bank Gospodarstwa Krajowego (BGK) aims to mobilise investments in the Sustainable Infrastructure Window (SIW). In this context, BGK loan can cover up to 50% [*] of the total investment cost, of which 50% can be secured by the InvestEU guarantee.
The main objectives of SIW are transport (including projects relating to urban nodes, maritime ports, airports and rail-road terminals of the TEN-T network), energy and blue economy (including renewable energy and low-carbon transport) and digital technologies (development of digital connectivity infrastructure).
[*] This level can be increased up to 70 % of the total costs of the Operation, for the High Policy Value Added Operations, which either:
- are Green or demonstrate other means of high policy value added in the policy check process;
- and ensure the attraction of additional private resources.
Financing value
Loan amount: up to 50%* of the total investment costs
EU Guarantee amount: 50% of the loan amount together with interest
Eligibility criteria (if available)
Private sector entities (e.g. mid-caps, SPVs, project companies and large corporates), public sector entities and mixed entities (e.g. PPPs) - based in Poland.
Further information on eligibility criteria
Operations shall fall under one or more of the areas set out in points 1, 2, 4 and 15 of Annex II of the InvestEU Regulation and meeting the criteria of sections 6.1.1.1, 6.1.1.2, 6.1.1.4 and 6.1.1.7 of the Investment Guidelines, including integration of renewables in any sectors (power generation, heating and cooling, transport) as well as other zero and low-emission energy sources and solutions.
The following areas are prioritised:
1. Transport
- a) Implementing the core and comprehensive network in accordance with Chapters II and III of the TEN-T Regulation , including relating to urban nodes, maritime ports, airports and rail-road terminals of the core network as defined in Annex II to the TEN-T Regulation, including, in particular, the following projects:
- (i) expansion of Polish seaports as part of the TEN-T network defined in Annex II of the TEN-T Regulation;
- (ii) construction of multimodal TEN-T transport nodes;
- (iii) construction and modernization of intermodal terminals located on TEN-T network and/or their connections to the transport TEN-T network in Poland;
- b) Implementing cross-border links of the comprehensive network in accordance with Chapter II of the TEN-T Regulation;
- c) Supporting projects of common interest in order to connect the trans-European network with infrastructure networks of neighbouring countries as defined in Article 8(1) of the TEN-T Regulation;
- d) Supporting motorways of the sea as provided for in Article 21 of the TEN-T Regulation;
- e) Supporting urban nodes, in accordance with Article 30 of the TEN-T Regulation;
- f) Supporting telematic applications systems, including for safety purposes, in accordance with Article 31 of the TEN-T Regulation;
- g) Supporting the renewal and retrofitting of transport mobile assets (in particular rolling stock for use in rail and intermodal transport) with the view of deploying low and zero-emission mobility solutions, including through the use of alternative fuels in vehicles of all transport modes;
- h) Deployment of recharging and refuelling infrastructure supplying electricity, hydrogen or future low carbon fuels or where necessary, as a transitional solution: gas. In case of recharging or refuelling infrastructure accessible by third parties, the infrastructure operator shall not unduly discriminate between users, including in relation to access, tariffs, authentication and payment methods and other terms and conditions of use (which does not exclude infrastructure not accessible by third parties);
- i) Cleaner, safe and smart maritime and inland waterway transport, airport and port infrastructure and related services whereby “cleaner” refers to investments in energy efficiency (including in buildings), circular economy and resource efficiency, decarbonisation (including through the production of renewable energy), reduction of pollution, biodiversity, climate adaptation measures, recharging and refuelling infrastructure (supplying electricity, hydrogen or low carbon fuels or where necessary as a transitional solution, gas) and investments for vessels (including retrofitting) ;
- j) Supporting new technologies and innovation, including automation, enhanced transport services, modal integration and alternative fuels infrastructure, in accordance with Article 33 of the TEN-T Regulation;
- k) Implementing safe and secure infrastructure and mobility, including road safety, in accordance with Article 34 of the TEN-T Regulation;
- l) Improving transport infrastructure accessibility for all users in accordance with Article 37 of the TEN-T Regulation.
2. Energy and Blue Economy
- a) Increasing the production, supply and use of clean and sustainable energy from renewable sources and other safe and sustainable carbon-free and low-carbon energy sources and solutions;
- b) Construction of offshore wind farms in the Baltic Sea by energy concerns together with specialist equipment and installation and maintenance vessels;
- c) Development of projects and undertakings in the area of blue economy, in particular in the field of maritime entrepreneurship and maritime economy;
- d) Developing and upgrading energy infrastructure and making it smart (in particular transmission and distribution infrastructure, storage flexibility technologies, smart grids);
- e) Infrastructure for carbon capture and storage in industrial processes, bio-energy installations and manufacturing plants with a view to the energy transition.
3. Digital technologies
Development of digital connectivity infrastructure, whether physical or virtual, in particular through projects that support:
- a) The deployment of fixed very high capacity networks or 5G connectivity or that improve digital connectivity and access, particularly in rural areas and peripheral regions; or
- b) The deployment of solutions, including connectivity, that support the digitalisation of the public administration, public authorities, entities providing services of general interest and providers or services of general economic interest.
Operations shall support greenfield (involving the construction and/or purchase of new assets) or brownfield projects (involving the extension, improvement or transformation, maintenance and upgrading of existing assets), with a view of:
- a) in transport area: reducing congestion, accidents and pollution and energy consumption, while increasing accessibility, safety and inter-modality;
- b) in renewable energy sources area: producing renewable energy and thereby increasing its share of the overall energy mix, while increasing the availability of electricity;
- c) in digital area: development of digital connectivity infrastructure and digitalisation of public services and services of general interest or general economic interest.
The Financial Product is also expected to support Final Recipients active in territories covered by an approved Territorial Just Transition Plan.
Operations falling under this Financial Product, which do not fall under Articles 3.2(a) or 3.2(c), shall comply:
- a) with the relevant conditions set out under Article 56d and Article 56e paragraphs (1), (2), (3), (4), (6) and (8) of the GBER, including the applicable thresholds, as specified under the ‘Minimum and maximum principal amount of Operations’ part of this Product Schedule; or
- b) with the relevant conditions set out under the SGEI Decision , including applicable thresholds, as specified under the ‘Minimum and maximum principal amount of Operations’ part of this Product Schedule.
Application period
Selecting projects until 31 December 2027, signing agreements until 31 December 2028
Technology readiness level (TRL)
Products tested and proven in operational environment, research stage completed.
