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

  • Vietnam road and port projects to be funded by ODA package
    March 27, 2014
    Vietnam’s government has secured an ODA (Overseas Development Agency) financial support package worth US$844.95 million (JPY 86.4 billion) for four infrastructure projects in the country. A total of $179.75 million (JPY 18.4 billion) of the package will go to Ho Chi Minh City-Dau Giay Highway that is scheduled for completion in July 2016, while another $165.1 million (JPY 16.9 billion) is allocated for Tan Vu-Lach Huyen Road, set to open in early 2017.
    Read More
  • Massive Malaysia tunnel project proposed
    December 8, 2023
    A massive Malaysian tunnel project is being proposed.
    Read More
  • Road rebuilding work is planned in Iraq
    April 17, 2023
    Road rebuilding work is planned in Iraq to improve the country’s infrastructure.
    Read More
  • Times they are a changing
    July 23, 2012
    Construction in China still appears to be on course for growth even with the gloomy economic outlook, as it enjoys "a strong budgets position." Patrick Smith reports One thing is certain in the current global economic climate: nothing is certain. And while China has not been unaffected by the economic events of recent months it has, according to Robert Zoellinck, president of the World Bank, a very strong current account and budgetary position. For some years, the nation has enjoyed double digit growth (the
    Read More

Highlighted Content