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International Internet Magazine. Baltic States news & analytics Wednesday, 07.12.2022, 22:40

BaltCap to finance street lighting project in Poland

BC, Tallinn/Riga/Vilnius, 25.11.2020.Print version
olish company IZIM, a portfolio company of BaltCap, the largest private equity fund manager in the Baltic states, will fund a street lighting project in Poland, worth 2.6 million euros, informs LETA/BNS.

IZIM has officially inaugurated a public-private partnership (PPP) with the municipality of Kobylnica to design, build modern street lighting in 12 towns and maintain it for 12 years, BaltCap said.

IZIM will install more than 800 modern LED lighting fittings along approximately 30km of roads.

"For BaltCap, the agreement with the Kobylnica municipality represents yet another investment in Poland, and the first one in street lighting. The investment contributes strongly to energy efficiency and the safety for Kobylnica inhabitants. We are also participating in other tenders organized by Polish municipalities to continue supporting them in improving and creating sustainable infrastructure for local communities. Such partnerships enable further development opportunities for municipalities in these unprecedented times,” said Sarunas Stepukonis, partner at BaltCap Infrastructure Fund, said in a statement.

Last year, BaltCap Infrastructure Fund invested over 4 million euros into the modernization of public buildings in the Polish city of Mielno.

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