Polish President approves new act changing financing of road projects
18:40
President Andrzej Duda signed an amendment to the Act on Public Roads on Thursday, which will allow local governments to co-finance investments in national roads and multiple financing sources for individual projects, said the Office of the President in a press statement.
“This solution meets the needs of local governments, which for the sake of the safety of residents and their transit needs, want to co-finance investments in national roads, such as construction of sidewalks and bicycle paths. The new rules introduce an optional possibility of financing or co-financing [such] investments by local governments,” part of the statement read. The Act allows the Ministry of Transportation and Roads to recommend standards for the preparation of investment in public roads, construction, reconstruction, repair, maintenance and protection of roads. The Ministry indicated that it felt this would translate into rapid deployment of new technologies that are cost-effective and environmentally-friendly.