Poland & European Commission strike Partnership Agreement on EU funds
May 26, 2014
The European Commission adopted Poland's Partnership Agreement, a master document for distributing EUR 119.5 billion in EU funds in the country in the 2014-2020 budgetary perspective, Poland's Infrastructure and Development Ministry said on Friday.
Of the EUR 119.5 billion in EU funds to be received by Poland in 2014-2020, EUR 82.5 billion will be disbursed in the frame of the Cohesion Policy, EUR 32.1 billion in the frame of the Common Agricultural Policy and ca. EUR 5 billion will be spent on programs such as Horizon 2020 or Erasmus.
The funding will allow Poland to realize, in conjunction with public and private financing, an investment program worth EUR 160 billion, deputy Prime Minister and Infrastructure and Development Minister Elzbieta Bienkowska told PAP Polish news agency.
Poland and the Commission agreed, among others, that spending for transport will amount to EUR 31.1 billion, including EUR 10.2 billion for railway investments and EUR 15 billion on road investments, Bienkowska said.