Polish budget switch

The EC is not keen for Poland to use rail funds for roads.
March 2, 2012 Read time: 1 min
The EC is not keen for Poland to use rail funds for roads. This became clear during talks between Poland's Ministry of Infrastructure and the 2465 European Commission (EC). This means that funds worth €1.2 billion originally allocated for rail projects will not be transferred to road spending. A final ruling by the EC has yet to be made, although Poland may appeal. The Polish Government wanted to reallocate the rail funds to the road programme to make up for budget spending cuts.

For more information on companies in this article

Related Content

  • Talks held between China and Argentina for infrastructure funding
    December 12, 2013
    Talks have been held in Beijing between Chinese companies and Argentina's Finance and Federal Planning Ministry. Argentina Is keen for Chinese firms to be involved in 15 infrastructure projects worth a total of US$19 billion planned for the South American country. One of the key projects that has been under discussion is that of the Agua Negra Tunnel, which will connect Argentina and Chile through the Andes Mountains. China State Construction Engineering Corporation (CSCEC) is one of several companies inter
    Read More
  • Polish plans progressing
    October 3, 2014
    Plans are moving forward for a series of key highway projects in Poland. One project involves constructing three sections of the new southern ring road around Polish capital Warsaw. Building the 18.5km stretch that comprises the three sections is expected to cost in the region of €1.6 billion.
    Read More
  • China moving forward with major infrastructure investment programme
    December 4, 2012
    Plans for huge investments in transport infrastructure have been made in China. In all some 60 infrastructure projects worth just over US$160 billion have been identified by the Chinese authorities. The work will include building 2,018km of new roads and highways, including improved connections between Shanghai and Guangzhou. The total road investment budget expected could range from $22.6-32.4 billion, although a definite programme of works has still to be established.
    Read More
  • Future funding crisis looms?
    August 13, 2012
    From the UK’s Institute for Fiscal Studies (IFS) comes data revealing a future funding crisis many governments will face. The IFS study, commissioned by the RAC Foundation, shows that income from motoring taxation will fall as traffic volumes increase. The problem is that increasing fuel efficiency of new generation vehicles, plus the introduction of electric cars, will deliver smaller and smaller returns on fuel taxation. Although fuel is taxed heavily in the UK, and right across Europe, projections show t
    Read More

Highlighted Content