€100bn investment on large-scale projects in Poland

Despite slower growth projections for the coming years, investment potential in the Polish construction market remains considerable in most of the country's regions. The combined value of the 960 largest current or planned investment projects in Poland is estimated to be at PLN 420bn (€100bn), almost double the present annual value of the whole construction market. The findings were part of the latest report from research company Spectis, entitled “Construction market in Poland 2019-2025 – an analysis of 16 regions”.

The list of 960 investment projects includes €24bn of projects that are underway and projects in the design or planning stage totalling €76bn.

The study focuses on the top 60 projects in each of the regions: 30 building construction projects and 30 civil engineering projects. The value of projects covered in the report amounts to as much as PLN 440m (€104m) on average: the average figure for buildings stands at €50m, and €160m for civil engineering structures.

A review of feasible investment plans identifies the Mazowieckie and Pomorskie regions as the leaders (around €12bn worth of projects in each area).

In Mazowieckie, the largest numbers of projects are planned in the following sectors: road construction (e.g. A2 motorway, S7 and S10 expressways), railway construction (E20, E75), bridge and tunnel construction (numerous road structures and advancing the construction of the Warsaw metro), office construction and residential construction.

Key segments in the Pomorskie region include power engineering construction (including some of Poland’s first-ever offshore wind farms), water structures (mostly projects at Polish harbours and a shipping canal through the Vistula Spit), railway construction and road construction. The region’s investment potential is further boosted by both commercial and residential construction projects.

There is also high investment in the Zachodniopomorskie (€9.2bn), Slaskie (€8.5bn) and Malopolskie (€7.8) regions. It should be noted that the high position of the Zachodniopomorskie region is mainly attributable to the civil engineering sector – besides major road projects, there are large-scale projects in the broadly-defined power and industrial construction segment as well as major bridge and tunnel projects planned in this region. Segments in the Silesian region which are expected to witness the most robust construction activity include railway and road construction, though industrial-warehouse, public and office construction sectors will thrive as well. In addition to road, railway and bridge-tunnel projects in Malopolskie, the region will also see a lot of activity in the office and residential segments.

Although the so-called Poland B falls behind in terms of projects underway or planned when compared to Poland A, Spectis researchers expect a marked investment upturn in three regions of Eastern Poland: Lubelskie, Podkarpackie and Podlaskie. It will be mostly driven by major civil engineering projects, in particular those in the road construction segment.

As highlighted in the report, projects to be implemented by the private sector are significantly more likely to succeed. In all probability, some of the civil engineering projects planned are at risk of not being implemented at all, as shown by history. Alternatively, they may be delayed by several years.

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