Method of financing the Programme
There are three sources of financing for the Infrastructure and Environment Programme:
- European Regional Development Fund – EUR 4,905.9 million,
- Cohesion Fund EUR – 22,507.9 million,
- National funds – public and private, minimum EUR 4,853.2 million.
Breakdown of the European Union contribution over priorities
- Shifting towards a low-carbon economy – EUR 1,828,430,978
- Environmental protection including adaptation to climate change – EUR 3,508,174,166
- Development of the TEN-T road network and multimodal transport – EUR 9,532,376,880
- Road infrastructure for the cities – EUR 2,970,306,179
- Development of railway transport in Poland – EUR 5,009,700,000
- Development of low-carbon public transport in cities – EUR 2,299,183,655
- Improving energy security – EUR 1,000,000,000
- Protection of cultural heritage and development of cultural resources – EUR 467,300,000
- Strengthening the strategic healthcare infrastructure – EUR 468,275,027
- Technical assistance – EUR 330,000,000
Means of project financing
A beneficiary whose project was selected for support under the Programme concludes a contract on project co-financing with the competent institution. Contract on project co-financing specifies the amount of support provided for the implementation of the project and the conditions for its implementation.
The agreement or the decision contains in particular the following information:
- the amount of co-financing granted,
- the deadline and means of settling the funding granted,
- method to be used for reporting and settlement,
- sanctions for breaching the provisions of the contract/agreement or decision on co-financing.
Method of financing of a given project depends on the type of the entity using the funding and the specific nature of the project.
According to the general rule, co-financing may cover only the so-called eligible costs. A catalogue of eligible costs is established for each programme and for each type of project. If during the implementation of a project there arises a need to carry out tasks which were not included on the list of eligible costs, such tasks should be financed from beneficiaries’ own funds.
The majority of projects financed under the Programme may require that the entities implementing the programme participate in the covering of its costs by making the so-called own contribution. This principle is applicable to projects involving State aid.
Beneficiaries receive co-financing in the form of:
- a refund – support constitutes a repayment of all or part of expenditure actually incurred by the entity implementing the programme and financed from its own funds,
- advance payment – paid out for planned expenditure.The final settlement is made on the basis of documents indicating actually and appropriately incurred expenditure,
- repayable instruments.