Connecting Europe instrument grants Poland EUR 439 mln for transport

Connecting Europe facility supports the biggest infrastructural investments. Artur Reszko/PAP

Advances of PLN 2 bln (EUR 439 mln) from the EU's Connecting Europe instrument will go to state rail carrier PKP, the General Directorate of National Roads and Motorways and sea port management firms, the Ministry of Funds and Regional Policy has announced.

The EU money will finance transport investments in Poland in two ways. One is through the reimbursement of outlays already made and the second is advances that will form starting capital each year. In the case of the Connecting Europe facility, which supports the biggest infrastructural investments, the advances will be paid on the basis of annual reports on the investments being carried out.

The ministry stated in a press release that good cooperation and close coordination of work between the Ministry of Funds and Regional Policy, the Executive Agency for Innovation and Networks, implementing the Connecting Europe instrument, and beneficiaries, has resulted in all the annual reports for projects carried out in 2019 being submitted by March 31 and the advances being paid out in record time.

"The injection of capital enables the maintenance of financial liquidity of the beneficiaries that will carry out strategic rail, road and sea port projects," Minister of Funds and Regional Policy Małgorzata Jarosińska-Jedynak was quoted in the release as saying. "These investments have not been halted thanks to the introduction of special rules and cooperation conditions with the executors."

"The fact that we're investing at this difficult time increases our resistance to the negative economic effects of the pandemic," the minister added. "The advances reduce the risk of payment bottlenecks and will enable many companies from the construction sector to survive the crisis."

The ministry also stated that the advances will be earmarked, among other projects, for the modernisation of rail line E30 on the stretch from Kraków Główny Towarowy (Krakow Main Goods terminal) to Rudnice, projects concerned with improving rail access to the Baltic ports of Gdańsk, Gdynia, Szczecin and Świnoujście, and building expressway S61, which forms part of the Via Baltica road corridor, on the stretch from Szczuczyn to the Lithuanian border.