Poland plans to invest more than EUR 19 bn of European funds in its infrastructure in the lead up to the European football Championships in 2012, the Polish minister of infrastructure and building, Jerzy Polaczek, told the Central Europe Meeting Point property fair in Warsaw. Some EUR 10 bn will be invested in roads and almost EUR 5 bn in railroads. Polaczek said hosting the games would give the development plan an extra impulse. Poland has teamed up with Ukraine in its bid to co-host Euro 2012.
Poland plans to invest more than EUR 19 bn of European funds in its infrastructure in the lead up to the European football Championships in 2012, the Polish minister of infrastructure and building, Jerzy Polaczek, told the Central Europe Meeting Point property fair in Warsaw. Some EUR 10 bn will be invested in roads and almost EUR 5 bn in railroads. Polaczek said hosting the games would give the development plan an extra impulse. Poland has teamed up with Ukraine in its bid to co-host Euro 2012.
The infrastructure plan calls for the framework of a modern system to be in place by 2013. Poland aims to have 604 km of motorways and 2,246 km of expressways by 2015. The bulk of the funds will be drawn from European cohesion funds (76%), with the rest coming from the European Regional Development Fund. The total amount of invested funds will be greater than EUR 19 bn, the minister said, adding that the Polish authorities are required to co-finance the infrastructural projects funded with EU money.
