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Projects

Project Brief

Summaries of proposed guarantees are provided prior to Board consideration and before final contract signing, and they are therefore subject to change. Project briefs are disclosed after Board consideration and contract signing and reflect the terms of the project at the time of contract signature. Environmental and Social Review Summaries are provided for projects assigned an Environmental Assessment Category of A or B.

 

Project name
Linxtelecom Warsaw Data Center
Project ID
9283
Fiscal year
2011
Status
Active
Guarantee holder
ABN Amro
Linx Telecommunications B.V.
Investor country
Netherlands
Host country
Poland
Environmental category
B
Sector
Services
Date SPG disclosed
July 23, 2010
Project Board date
October 21, 2010
Gross exposure
 $3.7 million
Project type
SIP

View Summary of Proposed Guarantee


On November 22, 2010, MIGA issued a guarantee of €100,000 to Linx Telecommunications B.V. (Linx) of the Netherlands covering its equity investment in its subsidiary Warsaw DC Sp Zo.o. of Poland. MIGA also issued a guarantee of €2.6 million for ABN Amro’s non-shareholder loan to the project. The coverage is for up to six years against the risks of transfer restriction, expropriation, and war and civil disturbance.

This project consists of establishment and operation of a data center in Warsaw that will provide state-of-the art data center and connectivity services to primarily international customers.

The project hopes to leverage shared infrastructure and data management in order to reach economies of scale—thereby stimulating growth of technology-intensive and knowledge-based industries in Poland. Specifically, the project expects the following development results: improvement of information and communication technology (ICT) infrastructure and access to information; a lower cost of entry into the ICT market; increased competition in ICT market; rapidly expanding data/telecom networks; and local employment opportunities.

The World Bank Group’s Country Partnership Strategy for Poland for 2009-2013 notes a need for continued progress in developing the country’s knowledge economy. In fact, Poland’s European Union accession has driven the liberalization of the ICT sector, of which this project is a part.

The project was underwritten through MIGA’s Small Investment Program.

 
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