Large investment plan
The world is looking for paths towards economic recovery after the coronavirus pandemic. China, Europe, and the USA rely on investments. The history reveals that crises can be resolved through large investment plans said Prime Minister Mateusz Morawiecki.
Today, the Public Investment Fund is the grand investment plan of Poland he added.
During the economic slowdown, when companies reduce investment expenditure, the state goes into action. It takes on the role of an investor and encourages economic development. This will be the function of the Public Investment Fund, with the budget of as many as PLN 30 billion for the coming years.
Canal across the Vistula Spit: the largest investment in the region
During a joint conference with Prime Minister Mateusz Morawiecki, President Andrzej Duda emphasised that large investments are a driving force for the economy, so they should be continued.
As many as 50 Polish companies are working on the Vistula Spit canal pointed out President Duda.
This will also be the case for the Solidarity Transport Hub, where roads, railways, and the airport itself will have to be built.
The construction of a canal across the Vistula Spit is not only of economic but also of strategic importance.
This investment reinforces the sovereignty, independence, and freedom of Poland stressed Andrzej Duda.
A canal across the Vistula Spit will allow Elbląg to become an important regional port, which will also be used by other countries. The Elbląg port has the yet untapped potential to develop Northeastern Poland. The investment carried out by the Mateusz Morawiecki’s government may exploit this potential.
The port capacity improved by the investment will benefit entire Poland. This is how economic growth is driven – through export and import. Through trade pointed out Prime Minister Morawiecki.
Elbląg port in numbers
The construction will allow ships with a length of up to 100 m and a beam of up to 20 m to enter the Elbląg port. The investment covers the following three phases:
- construction of a ship canal across the Vistula Spit (currently underway) –PLN 992 million; completion in 2022;
- modernisation of the Elbląg river together with the construction of a swing bridge in Nowakowo – the tendering procedure is ongoing
- deepening of the fairway on the Vistula Lagoon (tender is yet to be opened).
The entire investment cost is approx. PLN 2 billion.
The total length of the new waterway will be 22.800 km (including the passage through the Vistula Lagoon – 10.176 km; through the Elbląg river – 10.381 km; the remaining 2.323 km include a section of the docking place, sluice, and the external port), while its depth will be 5 m.
Anti-Crisis Shield in practice
Large public investments are not the only remedy for overcoming the crisis. From the very beginning, the government has been helping Polish companies save jobs. Mateusz Morawiecki paid a visit to one of them – the ”Meble Wójcik” plant – during his stay in Northern Poland.
The Financial and Anti-Crisis Shields saved over 50,000 companies in the Warmia-Mazury Voivodeship said the Prime Minister. Under these measures, the government has so far allocated over PLN 60 billion to help all entrepreneurs.
Our plan is to save the economy. We hope that the current situation will improve. The entire Polish furniture industry includes approximately 200,000 employees. It is our aim to help this industry because we are a power in the furniture industry and we want it to grow added Mateusz Morawiecki.
Stutthof Museum and Monument to Struggle and Martyrdom
During his stay in Northern Poland, Prime Minister Mateusz Morawiecki also visited Sztutowo, where he laid flowers on the Monument to Struggle and Martyrdom and paid tribute to Stutthof concentration camp prisoners.