Abstract
The growing needs of local communities, deficiencies in road infrastructure, and under-investment in the public sector has led to the search for alternative sources of project financing. Poland’s accession to European Union structures has opened the possibility of obtaining co-financing from EU funds for various types of projects. Aid can be obtained from several types of funds, mainly intended for investments in economic development. Investments in the field of transport carried out by local-government units have been supported by funds from the European Union budget over two six-year financial perspectives: 2007-2013 and 2014-2020. During this time, funds were allocated to local governments to compensate for differences, expand the road network, and to improve the quality of transport. The authorities of individual territorial local-government units received support from structural funds and cohesion policy funds. In return, they were able to count on benefits such as financing for services and road infrastructure facilities that meet the needs of the community, and access to new technologies.
Highlights
Construction companies often strive for continuity of operations and financial stability. By juxtaposing this data with the position of Poland in the ranking of motorway construction costs, the following conclusions can be reached: − Poland comes in the middle of the ranking of European states in terms of the cost of constructing one kilometer of motorway; − with an effective allocation of funds, the situation of the Polish road network can be improved at moderate costs; − the increasing share of EU funds in the financing of projects related to road infrastructure testifies to the role they play; the acquisition and effective use of money from the European Union is a key factor in considering the future of this area of the Polish economy
The key aspect of the implementation of local-government investments is the possibility of using financial assistance funds, which are granted to local government units for the implementation of infrastructure projects
Local governments receive public funds for tasks and public services; significant investment needs in the field of road infrastructure are a result of underinvestment in the public sector and of many years of delays and negligence
Summary
During this time, funds were allocated to local governments to compensate for differences, expand the road network, and to improve the quality of transport. They were able to count on benefits such as financing for services and road infrastructure facilities that meet the needs of the community, and access to new technologies. A quantitative analysis of EU funds over the two financial periods made it possible to summarize the achievements of investments completed
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