Financial investment budgeted in public projects in 2016 in PLN
Financial investment amounts to 736 042 202 PLN, including investments:
● strategic: 267 764 928 PLN,
● program: 453 725 325 PLN,
● district: 14 551 949 PLN.
The most important projects completed between October 2015 and September 2016
● Extension of Igołomska Street in Krakow - Stage I,
● Modernization of the tramway line in Dunajewski Street (between Bagatela Theatre and LOT building ),
● Construction of the connection hub "Rybitwy" to "Wieliczka - Niepołomice" zones,
● Construction of Lema Street with reconstruction of junction: al. Pawła II and Meissnera Street and al. Pokoju,
● Construction of the footbridge over the river Wilga, including lighting and drainage system in the area of Siostra Faustyna Street and Motarskiego Street,
● Construction of the uderground car park "Korona",
● Development of Public Transport Management System in Krakow,
● Reconstruction of the Podgórski Market,
● Construction of the cemetery in Podgórki Tynieckie in Krakow - Stage I,
● Replacement of street lighting to energy efficient in Krakow,
● Krakow ZOO - Construction of a penguin enclosure,
● Development and lighting of Vistula Boulevards,
● Construction of the swimming pool for the Secondary Sports School 1.
Major projects planned for 2017
● Extension of Igołomska Street in Krakow - Stage II,
● Construction of the tram line KST, Stage III (os. Krowodrza Górka - Górka Narodowa), along with the construction of two-level junction in the Opolska Street,
● Construction of car parks in the "park and ride"system (P & R)- Bieżanów in Krakow (ZIT), Kurdwanów in Krakow (ZIT), Mały Płaszów in Krakow (ZIT)
● Revalorization of the historic seat of the Museum of Municipal Engineering in Krakow for the needs of modern science and technology museum,
● Modernization of the tramway lines,
● Construction of the viaduct over the railway, connecting Powstańców Street in Krakow with district road No. 2156K in Batowice with the reconstruction of the road system (ZIT),
● Construction of cycling paths,
● The project UGB (Urban Green Belts) - Witkowice GLL,
● Modernization of sports facilities in the area WLKS Krakus.
Major current projects
● Construction of the KS CRACOVIA Centennial Hall together with Centre for Disability Sport,
● Modernisation of track system in the node Kocmyrzowskie Roundabout with the accompanying infrastructure and modernization of the traction substation Bieńczycka,
● Construction of Krakow Sanctuary Bus Stop on line 94 with the communications infrastructure (ZIT),
● Reconstruction and the thermal modernization of the Care Center in Krakow (ZIT),
● Reconstruction of streets and road connections,
● Construction of the cemetery in Podgórki Tynieckie in Krakow,
● The pilot modernization of street lighting of the City of Krakow with the expansion layer telemetry, the creation of the control system and the construction of PV installations,
● Reconstruction and the thermal modernization of communal buildings.
Financial resources (in PLN) for investment in each of the last five years
● 2011 r.: 482 037 000 PLN
● 2012 r.: 440 320 000 PLN
● 2013 r.: 401 242 000 PLN
● 2014 r.: 669 698 000 PLN
● 2015 r.: 578 729 000 PLN
The proportion of the city’s budget invested in projects for buildings in relation to other expenditure (in pct and PLN)
total expenses: 4 537 546 000 PLN,
current expenses: 3 740 104 000 PLN,
investment expenses: 736 042 000 PLN,
share of investment expenses to current expenses: 19,68 %,
share of investment expenses to total expenses: 16,22 %
How many projects does the city carry out using EU funds, and what is their value?
Currently we are realising 16 non-investment projects of 35 421 856,53 PLN value and 26 099 557,38 PLN level of financial support, 6 investment projects of 1 119 964 708,17 PLN value and 579 778 292,53 PLN level of financial support. In total it is 22 projects of 1 155 386 565 PLN value and 605 877 850 PLN level of financial support.
How open is the city to outside investors? Does it offer special incentives and investment development programmes? What are they?
There is Investor Support Centre operating within Kraków Municipality. The Centre is dedicated to supporting and informing investors, monitoring the investment process of the supported investors, preparation of meetings and site visits. The Centre in order to attract investors and to promote City investment offer takes part every year in international property trade fairs. There is a Special Economic Zone operating in Kraków. The Zone welcomes investors to make use of greenfield areas as well as office space for rent. Public aid from the title of investing within the special economic zone assumes the form of income tax relief. The city is constantly developing its conference base, which allows organisation of all types of business meetings, congresses and conferences. Kraków is a perfect platform for fostering effective cooperation between science, business and local government. As an example we can mention here clusters network operating in our city.
Which factors make the city attractive to invest in? What is the potential of the city? (location, infrastructure, proximity to expressways connecting
• Huge potential of well educated people - Krakow is an academic center (23 universities, approx. 180 thousand students)
• Convenient geographical location - at the crossroads of important road and rail routes in Europe, Krakow Airport is a second largest International Airport in Poland offering connections to more than 60 airports
• Krakow Special Economic Zone - income tax relief (public aid) and attractive investment areas
• Very high stock and access to modern office space
• The numerous scientific & research institutions creating great resources for the industry, offer opportunities for cooperation and technology transfer for business sector
• Start-up Ecosystem: incubators, accelerators, Lifescience Park, Startup Week
• Cooperation between business and universities
• A large market for products and services
• An attractive place to work and live (great cultural offer)
Which major real estate investors have decided to invest in the city in 2016? Who are the potential investors in the city?
Skanska, Buma, Echo Investment S.A., TriGranit , 3ONE, Balmoral Properties, Eko Park, GD&K Group, Warimpex, Arkada Inwestycje, Porto Office B Sp. z o.o, UBM Polska, Avestus Real Estate Sp. z o. o, Tristan Capital Partners, Decon Investment Sp. z o.o., ASTRIS Sp.z o.o., DK-DEVELOPMENT Sp. z o.o., Semaco Invest Group, IMS Budownictwo, MIX Biura
How good is the zoning plan coverage?
48,3%
What is the waiting time for building permits?
less than 65 days
Why does the city deserve the award? (please stress the most important factors that make the city friendly to investors)
Kraków is one of the most economically attractive cities of Eastern Europe which influences the number of investments located here. Demographic and scientific potential, avalibility of well-educated talent pool, attractive geographical location, special economic zone and other attractive investment areas are the most important assets of our city and sustainable development makes its brand. Rich real estate offer together with well developed services sector and scientific and research back-up are just a few arguments for choosing Kraków as the investment location. Kraków offers as well a versatile forms of spending free time which makes our City a good place to live and work. Kraków is a partner of many modern projects such as clusters. Kraków is also a place where startup community is developing strongly.What is more Kraków invests in its infrastructure - construction of Congress Centre and Kraków Arena are just examples which strengthen Kraków image as an attractive place to invest.
