Brussels, 03/01/2011 (Agence Europe) -. On Wednesday 29 December, the European Investment Bank (EIB), in its capacity as the Manager of the JESSICA Holding Fund for Westpomerania, and Bank Ochrony Œrodowiska (BOŒ) as the manager of Urban Development Fund (UDF) signed an agreement creating Poland's second JESSICA UDF. This fund will invest in urban development and regeneration projects in cities in the Westpomerania Region, with the exception of the Szczecin Metropolitan Area. The JESSICA investment portfolio in Westpomerania may include projects such as construction or renovation of deprived urban infrastructure, renovation of historical buildings, as well as housing projects, e.g. projects supporting energy efficiency, construction or upgrading of technical infrastructure of buildings. The urban projects to be financed by the UDF are expected to focus on supporting initiatives, which increase the economic potential of the region. JESSICA (Joint European Support for Sustainable Investment in City Areas) is a joint European Commission-EIB initiative supporting investment in sustainable urban development and regeneration. (Com-O.L./transl.rt)