Dentons’ PPP and Banking and Finance teams advised Bank Gospodarstwa Krajowego on Poland’s first public private partnership investment project financing deal, which involved the design, construction, property management and maintenance services of the head office of the District Court in Nowy Sącz. The private partner is Warsaw based company PPP Projekt, a member of the VINCI Group (Warbud). Notably, the deal represents the first Polish PPP project signed at the central administration level.

The project is supported by the Ministry of Justice, Ministry of Infrastructure and Development, and Bank Gospodarstwa Krajowego (BGK). The amount of the facility extended as part of the “Polish Investments” project targeted at private and state-owned enterprises as well as local authorities is PLN 49.5 million.

The building will have a total floor area of more than 10,000 m2 and will offer modern office amenities, including well-sized courtrooms, effective support services, and as safe and efficient document archiving capacities.

The Dentons team was led by Michał Mężykowski, Banking and Finance Partner, and Tomasz Korczyński, Counsel and co-leader of the PPP team. Other major project contributors included Counsel Jakub Podkowa and Associate Mateusz Wiśniewski.

“Dentons’ advice to BGK was an essential element of the successful closing. The PPP market has seen a lot of challenges due to the unavailability of financing. The Nowy Sącz investment seems to be a ground-breaking development for the Polish PPP market, which has historically seen more investment activity from local authorities than a central level authority more characteristic of markets with a robust PPP scene,” said Tomasz Korczyński, Counsel and co-lead of the PPP Team.

“The fact that a public building such as a court was chosen as a pilot project gives us hope that this form of financing will become more popular for the construction of various public buildings and infrastructure projects said Tomasz Korczyński.

About Dentons

Redefining possibilities. Together, everywhere. For more information visit dentons.com