Financial investment budgeted in public projects in 2017 in PLN
2 589 152 915 PLN
The most important projects completed between October 2016 and September 2017
- Continuation of construction of the II Metro line
- Construction of the Kabaty Technical and Parking Station
- Extension of a road system (e.g. Redevelopment of Marsa – Żołnierska St. from Marsa hub to the city border – II stage , Construction of Świętokrzyska Route from Tysiąclecia St. to Zabraniecka St., Extension of Zwoleńska – Żegańska St. including the construction under the railway tunnel and Patriotów St., Reconstruction of Marynarska St. from Taśmowa St. to Rzymowskiego St. )
Major projects planned for 2018
The major infrastructure and urban project: 1. subsequent construction of the second metro line (14 metro stations in total untill 2022), 2. further development of rental bike system “Veturilo” that is already one of the most developed in CEE region and still growing (344 bike stations, over 5000 bikes, around 500 000 active users), 3. extension and modernisation of the road system, reconstruction of flyovers, 4. new tram lines construction (over 15 km) and renovation of the old ones,purchase of modern trams, 5. purchase of over 130 new eco-friendly electric buses, 6. construction of bicycle lanes along the bank of Vistula river, which is a part of the Warsaw’s bicycle paths development system (over 500 km long), 7. construction of 19 new "Park and Ride" facilities, 8. Praga Revitalisation Integrated Programme, 9. New urban project for Defilad Square, 10. investments in medical system (new hospital under construction), as well a the 10 local centers (Centra Lokalne)
Major current projects
The major infrastructure and urban project: 1. subsequent construction of the second metro line (14 metro stations in total untill 2022), 2. further development of rental bike system “Veturilo” that is already one of the most developed in CEE region and still growing (344 bike stations, over 5000 bikes, around 500 000 active users), 3. extension and modernisation of the road system, reconstruction of flyovers, 4. new tram lines construction (over 15 km) and renovation of the old ones,purchase of modern trams, 5. purchase of over 130 new eco-friendly electric buses, 6. construction of bicycle lanes along the bank of Vistula river, which is a part of the Warsaw’s bicycle paths development system (over 500 km long), 7. construction of 19 new
Financial resources (in PLN) for investment in each of the last five years
2012 – 2.117 (billion/PLN); 2013 – 1.819 (billion/PLN); 2014 – 2.342 (billion/PLN); 2015 – 1.310 (billion/PLN); 2016 - 1.297 (billion/PLN);
The proportion of the city’s budget invested in projects for buildings in relation to other expenditure (in pct and PLN)
9,41% - 1 297 622 686 billion/PLN
How many projects does the city carry out using EU funds, and what is their value?
Between October 2016 and September 2017 the city of Warsaw has carried out 37 projects co-financed from the EU funds. The total value of the mentioned projects was 474 644 298,15 PLN.
How open is the city to outside investors? Does it offer special incentives and investment development programmes? What are they?
The City of Warsaw implemented real estate tax exemption up to three years.
Employment Service support - trainings for job applicants, grants for the employment of people over 50 y.o., refund of the costs for the new workplace, support in staff recruitment,
City-financed accelerating programmes for new enterprises connecting startups with investors.
Warsaw Convention Bureau supports in organising and promoting conferences in Warsaw for investors’ employees and guests (incl. promotional materials, study tours, tourism information packages)
Which factors make the city attractive to invest in? What is the potential of the city? (location, infrastructure, proximity to expressways connecting, human capital)
Warsaw - The capital of poCEEbilities
Warsaw ranks #1 in Poland in terms of investor satisfaction from SSCs located in the city.
It ranked #1 in categories such as:
availability of modern office space,
transport,
cooperation with universities,
availability of talent/high-qualified employees.
1.6 MLN - working age population in Warsaw metropolitan area
81% - foreign investors consider employee competence in Poland as attractive
over 40% - Warsaw inhabitants speak English and nearly 20% speak at least two foreign languages
over 5 MLN - sqm of total office stock in Warsaw (49% is A-class)
Flight time from major cities in Europe is less than 2:30 hours
8 km distance and 16 minutes travel time to airport from Warsaw city centre
Warsaw attracted 80 of Fortune Global 500 companies
167 investors decided to locate their SSC centres in Warsaw
Which major real estate investors have decided to invest in the city in 2017? Who are the potential investors in the city?
REICO, Generali, Cromwell/Goldman Sachs, EACC, Europa Capital, Rezidor Hotel Group, Sraiya Hotels & Hospitality Group, Hillwood, Zeitgeist Asset Management, Octava FIZAN (Elliott), Catella Wohnen
CA Immo, M&G Real Estate
How good is the zoning plan coverage?
36,55% of the City of Warsaw is covered by the zoning plan.
What is the waiting time for building permits?
Not longer than 65 days.
Why does the city deserve the award? (please stress the most important factors that make the city friendly to investors)
Warsaw is the leader not only in Poland but in CEE
