EIB lends PLN 325m to Nexera to rollout fibre-to-the-home network in rural Poland

Lower population density areas in Poland will gain a better internet connection and access thanks to the deployment of very high capacity network broadband services under a project financed by the European Investment Bank (EIB).

The project is backed by a guarantee from the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe.

The EU bank has agreed to lend up to PLN 325 million (approximately €73 million) to Nexera to finance the rollout of a fibre-to-the-home (FTTH) access network in less densely populated areas of five Polish regions, or voivodeships (Warminsko-Mazurskie, Kujawsko-Pomorskie, Mazowieckie, Lodzkie and Swietokrzyskie). These regions are located in central and north-eastern Poland.

The project is backed by a guarantee from the European Fund for Strategic Investments (EFSI), the financial pillar of the Investment Plan for Europe. Nexera will also benefit from national and EU public subsidies, awarded to it following the Digital Poland contest, or Program Operacyjny Polska Cyfrowa (POPC), for the provision of co-financing for the design, construction and operation of FTTH networks in Poland.

EIB Vice-President Teresa Czerwińska, who oversees EIB activities in Poland, said: “This project will contribute to reducing the gap between Poland and the rest of the European Union in terms of regular and ultrafast broadband coverage.(…)”

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