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The Warsaw Voice » Business » August 29, 2014
Business & Economy
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Construction Sector Over the Hump
August 29, 2014   
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The financial performance of construction companies in Poland is improving, in the first sign that the sector is emerging from a crisis that had dragged on for years, according to consultants Deloitte. In their view, the key drivers of growth in the construction sector include the country’s overall economic growth combined with the need to modernize outdated infrastructure and the availability of funds from the European Union, as well as funding from other sources, both public and private.

Under the EU’s budget for 2014-2020, Poland will receive 82.5 billion euros, including 27.4 billion euros to be distributed centrally under the Infrastructure and Environment Operational programme. It is estimated that 19.8 billion euros will be allocated for transport infrastructure as part of this program. Of this, 12 billion euros will be for roads and 7.4 billion euros for rail infrastructure. In addition, 31.2 billion euros has been allocated for regional programs, which may also cover infrastructure investment projects, Deloitte experts say. The biggest expenditures are expected to be related to road, rail, energy and hydroelectric infrastructure.
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