Slask voivodship agrees zl.1 billion loan for infrastructure modernization

Slask voivodship in southern Poland has signed a deal under which it will receive the equivalent of over zl.1 billion in loans for a number of projects, including the modernization of its infrastructure. According to a contract signed by voivodship head Jan Olbrycht, Slask will receive zl.930.8 million and euro 27.8 million over the next two years. The money will come from two sources; the national budget and the EU. The EU funds are designed for specific purposes; euro 23.5 million will be spent on the completion of a "social and economic" PHARE program, and euro 3.6 million on a "border cooperation" PHARE program. Referring to the loan from the government, Adam Warzecha, from the Slask voivodship administration, said, "According to the contract, we have received funds for long-term investment, such as the modernization of the Slask Stadium and the renovation of the tram network, as well as for hospitals and other institutions in need of extra funding." (Puls Biznesu p. 10) A.K.