In 2012, Poland and Ukraine will host the European Football Championships, the third largest sporting event in the world.
In anticipation of Euro 2012, our office in Warsaw is carefully monitoring the legal changes taking place to facilitate the planned investments in stadiums, motorways, railways, airports and security systems in Poland. It is estimated that the total joint investments directly associated with holding the Euro 2012 in Poland over the next five years will amount to at least EUR 50 billion.
EURO 2012: MAIN AREAS OF PLANNED INVESTMENTS IN POLAND STADIUMS
- Matches in Poland will be played in four stadiums in Warsaw, Gdansk, Poznan and Wroclaw
- Two stadiums in Krakow and Katowice will be reserve stadiums
- Six stadiums need to be built or completely modernized Planned investment value approx. EUR 1.3 billion.
ROADS, RAILWAY, AIRPORTS, UNDERGROUND
- At present, there are 665 kilometers of motorways in Poland. More than 1,000 kilometers of new express roads and highways are to be built by 2012
- Plans include modernization of the existing airports and construction of new airports
- Modernization of railway lines to support increased speeds of over 200 km/h across 1,000 km of the existing railway
- Investment in a high speed railway similar to the TGV is being considered
- Investments include purchase of modern rail cars to travel between the cities in which matches will be played
- In Warsaw, a new underground line will be built which will connect the new stadium with the city center Planned investment value is approx. EUR 35 billion.
- It is estimated that by 2012, 180 hotels will be built in Poland, with a capacity for 21,000 people Planned investment value is approx. EUR 0.8 billion.
- Poland currently has no center which would meet UEFA’s requirements
- At least six sports centers need to be built
- Before Euro 2012 begins, a uniform system for servicing Euro 2012 visitors will be implemented
- An integrated medical rescue system will be established
- Electronic border security system will be fixed
EURO 2012: PROJECT MANAGEMENT AND FINANCING
In the coming weeks, the Polish government is expected to adopt rules for the strategy of financing projects associated with the organization of Euro 2012. Initial assumptions of the strategy stipulate that:
- Investments associated with the organization of Euro 2012 will have priority. A list of such investments is to be approved by the Polish government shortly
- Only legacy-bearing projects can get additional financing from the EU
- Providing additional finances will be supervised by the Ministry of Regional Development
- Where possible, the projects should be performed within PPP
The major part of the related investment will be – at least partially – financed with EU originated funds. Those wishing to invest in the areas will have to tender in accordance with the public procurement procedures.
POLAND – KEY FACTS
- Member of the European Union
- Population of 38 million (8th largest in Europe); 50 percent of the population is under 35
- With 1,957 hours worked per employee per year, Poland is the second hardest-working country in the world
- 5.8 percent GDP growth in 2006
- EUR 11 billion in direct investments in 2006