Strategic Investment Programme an answer to the pandemic crisis - PM

Tomasz Waszczuk/PAP

A multi-billion euro investment programme is the Polish government's answer to the crisis caused by the Covid-19 pandemic, Poland's prime minister said on Monday.

Mateusz Morawiecki said the Strategic Investment Programme, costing PLN 23 billion (EUR 5 billion), is focused on local and regional investment needs.

The programme itself is part of the government's broader Polish Deal plan, which aims to revive the national economy after nearly two years of pandemic restrictions.

"The Strategic Investment Programme section of the Polish Deal is an answer to the crisis brought about by the pandemic,” said Morawiecki at a press conference announcing the first projects to be financed under the scheme. "At over PLN 23 billion, it is the biggest programme of its kind in the past 30 years."

Morawiecki said the programme, which will cover over 2,780 local communities, will "open a new portfolio of local investments," and was proof of the government's ability to cope with the economic effects of the pandemic.

He added that the Strategic Investment Programme will give Poland "a leap into modernity and fast economic growth."

Referring to Warsaw's clash with the EU and possible economic sanctions by Brussels, Morawiecki said that Poland could fend for itself.

"The Strategic Investment Programme shows that the discrimination of Poland will be ineffective," Morawiecki said, adding that Poland was intent on "fighting for equal conditions" in the EU.