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

  • Quebec will take responsibility for its bridges from Canada’s Government
    April 4, 2012
    A transfer of responsibility is planned for bridges in Qeubec, Canada. Structures currently under the responsibility of the Canadian Federal Government may be handed over to the Quebec Government, should proposed moves be made. This policy looks likely to include the Jacques Cartier Bride. After the completion of the Champlain Bridge, planned for for 2021, the Federal Government may hand over the bridge to the provincial government. This is due to the Federal Government's lack of sufficient funds for the pr
    Read More
  • UAE setting construction agenda
    May 25, 2012
    Talks are now underway again for the US$3 billion Bahrain-Qatar Causeway project, which was delayed largely due to the financial crisis. Work on the 40km causeway project, which is intended to feature both road and rail connections, stopped in June of this year. The project is being handled by a consortium headed by Qatari Diar Real Estate Investment Company (QDREIC) and French firm Vinci Construction. Under the original plan the road links were due to be completed by 2013 and the rail connections by 2015,
    Read More
  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
    Read More
  • Russian road projects delayed by funding shortage
    February 9, 2016
    In Russia a series of road projects planned to improve connections to Moscow’s Domodedovo Airport have been cut. The new roads connecting to Domodedovo Airport are required for the 2018 FIFA World Cup. But with Russia cutting its federal budget for road development, the projects have halted. Projects affected include the reconstruction of five sections of the A105 federal highway to the airport, construction of four interchanges and nine pedestrian overpasses. The work was expected to cost a total of US$206
    Read More

Highlighted Content