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Current share price Stalexport Autostrady SA

2.89 zł 0.35% 0.01zł 2024-05-21

Market description

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Taking into account the condition of the road infrastructure and development needs, the Ministry of Infrastructure developed, and the Council of Ministers adopted, in December 2022, the draft “Programme for Construction of National Roads until 2030 (with a perspective until 2033)”, hereinafter referred to as the Programme.

The new Programme sets forth the objectives of the transport policy in terms of building the TEN-T road network in the territory of Poland as well as complementary road connections. The total amount of approx. PLN 294.4 billion will be allocated to the implementation of the investments included in the new programme. The financial limit includes new tasks with a value of approx. PLN 187 billion and continued tasks with a value of approx. PLN 104.5 billion, as well as a provision of PLN 3 billion. The programme assumes implementation of road investments along national roads, expressways and motorways with a total length of over 6,100 km. The new investments will include tasks covering a total of 2,600 km, while the continuing tasks, commenced under the already existing road programme, cover a length of over 3,500 km.

The basic source of financing for the investments included in the Programme is the National Road Fund, whose sources in turn include European Union funds. However, the programme still provides for the possibility of implementing investments on the basis of multi-annual contracts in accordance with the Act of 27 October 1994 on toll motorways and the National Road Fund. Entities entrusted with the implementation of tasks under this procedure will obtain potential funding on market conditions, as well as from other instruments and sources available for projects of this type. This opens up the possibility of financing motorways under the Public-Private Partnership (PPP) formula.