The Warsaw Stock Exchange hosted a meeting of the Municipal Platform of Employers of Poland devoted to the needs of the sector with regards to acquiring financing for large-scale infrastructural investments.
This subject is gaining importance in light of the recently started new EU financial perspective. By 2020 Poland could acquire over 100 bln euro in total in European funds. A significant portion of this sum will go to local governments. However, experts calculate that in order to get them, the local governments will have to acquire over 60 bln PLN for its contribution to the funding. Meanwhile, some of them are no longer able to continue taking out loans and may be faced with having to secure other capital sources.
The presentation of the offer in this regard was the aim of the meeting of the Municipal Platform attended by a.o. Andrzej Długosz, Vicepresident of Employers of Poland; Grzegorz Zawada, Deputy Chairman of the Warsaw Stock Exchange; Michał Stępniewski, Board Member at KDPW, as well as representatives of Polish Investments for Development (PIR) and Bank Gospodarstwa Krajowego – who co-run the Inwetycje Polskie program, as well as representatives of other financial institutions. Local governments and municipal companies.
– We would like to organize a series of meetings focusing on the possibilities of acquiring funds for developing companies and local governments. Conclusions of the discussions will be compiled in a white book and presented to the government. We would like the new cabinet to know what the needs and opportunities are right from the off – says Andrzej Długosz.
Grzegorz Zasada argues that the Stock Exchange could be a good place to get capital, for local governments as well. – This is not only a place for the largest local governments, such as the Warsaw one – smaller entities are also present there – the Deputy Chairman of the GPW points out.
Representatives of PIR and BGK presented the project of the Local Government Infrastructure Fund which is being finalized. The Fund will serve local governments and help them a.o. fiancé their own contributions to EU projects without increasing their debts, Representatives of other financial institutions also presented their products and offers.
The meetings will be continued – they are scheduled to be held in each of the 16 voivodeships.