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Polish local governments continue investing
( 31 / January / 2009 )
Economic slowdown does not refrain local governments from dynamic investment development. It has got a lot to do with the biggest EU financial support ever.
Investment projects managed by local governments have been constantly on the rise since the year 2004. 2006 saw an increase of over 30% y-o-y. High dynamics in the field continued also in the years 2007-2008. Indeed, Polish self governments have been consistent in long-term investment plans (WPI) realisation. Last year Gdańsk invested almost 510 million PLN, 471 million PLN of the city’s investment outlay was covered from the city budget. This year’s budget plans envisage the city’s investment spending to rise by 100 million PLN what would give an overall sum of 863 million PLN in investment outlays. Plans for the year 2010 foresee the Gdańsk investment budget to reach 1.7 billion PLN.
Another Polish city dynamically developing and managing public investments is Poznań where the number of buildings and other investments completed in 2008 reached 1373 i.e. 251 more than in the previous year (1122). Poznań also envisages investment outlays to be even higher in 2009. Among the cities classified as the second-level unit of local government and administration in Poland, equivalent to a county, investment outlays per resident it is Płock in the Mazowsze region that tops the list. Last year the city invested round 80 million PLN and envisages further 150 million PLN to be spent on investment this year; 64 million PLN is earmarked for the purpose in the city budget while the rest is to be covered from subsidies.
In turn, the city of Gliwice plans to realise at least 34 important investment projects by 2011 and has already reserved over 640 million PLN in the budget. According to the city’s 2008 WPI investment spending accounted for 120 million PLN and is bound to reach round 190 million PLN in 2009. Kraków’s investment outlays for 2009 equal 790 million PLN compared to 595 million PLN allocated to the purpose last year.
Also the capital city summed up its annual expenditure on investment for 2008. Warsaw’s deputy president Jacek Wojciechowicz presented the city’s most important projects completed last year. The city managed to carry out 83% of the Warsaw long-term investment plan (WPI). In 2008 investment outlay in the capital city of Poland accounted for 2.2 billion PLN (2007 - 1.7 billion PLN and 2006 - 1.2 billion PLN).
Among the biggest investment projects completed this year in Warsaw there are: the 1st metro line, transport hub in the Młociny district, renovation of the Bielany flyovers, revitalisation of the Krakowskie Przedmieście Str. as well as numerous street modernisations and cultural institutions’ refurbishments.
Warsaw City Council