The first construction stage of Poland's Solidarity Transport Hub (STH/CPK), a major air, rail and road hub, will cost PLN 12.8 bln (EUR 2.77 bln) and the work will be predominantly financed by bond issuances, the government's press office said on Wednesday.
"The programme does not require the involvement of budget funds in 2020-2023. The investment will be mostly carried out with Treasury bonds issued for this purpose," wrote the office.
The first construction stage is of a preparatory nature and involves planning and developing project guidelines. The process of purchasing land for the project will start in 2020.
The airport's master plan should be ready in 2021 and will be coupled with an environmental impact assessment. In 2023, the STH will prepare an environmental impact report and an architectural blueprint for the passenger terminal.
According to earlier announcements by the Polish government, the first connections from the CPK can be expected in 2027, and the airport will become operational by the end of that year. Poland's biggest infrastructure investment project, the STH will be a transit hub integrating air, rail and road traffic on a site 45 kilometres from central Warsaw covering an area of 3,000 square hectares. In its first phase, it is to service 45 million passengers a year, but capacity could eventually rise to 100 million.
The STH project has been taking a more distinct shape over the past few months, whilst it was just over a week ago that Seoul's Incheon and Tokyo's Narita airports filed offers to become a strategic advisor for the Solidarity Transport Hub which the Polish government wants to build some 45 km west of central Warsaw.
The two airports, out of a total of eight, were admitted to the final stage of the selection procedure, STH informed PAP on October 20, the deadline for submitting strategic advisor offers. STH plans to name the strategic advisor by the end of the year. The contract will cover a three-year period, the time needed to complete the planning and design stages for the airport investment.
A post-pandemic recovery boost?
The STH is planned to be Poland's biggest infrastructure investment, a transit hub integrating air, rail and road traffic.
It is also believed, and the July prognosis of global management consulting firm A.T. Kearney supports such a claim, that the construction of the Solidarity Transport Hub (STH) airport should speed up post-pandemic economic recovery.
A.T. Kearney's report demonstrated that the years of 2024-2027 are when the impact of the STH investment on the Polish economy will be most perceivable. Over the broader timespan of 2020-2034, global production in Poland will rise by an additional PLN 450.2 bn (EUR 100.74 bn) as a result of the STH investment. This, in turn, will generate “95,200 new jobs” in the peak investment year of 2026 alone.
According to a graph provided by A.T. Kearney in 2024 alone the investments related to STH will amount to PLN 19.7 bn (EUR 4.41 bn). In 2025, the investments will add up to PLN 22.4 bn (EUR 5.01 bn) in 2025, PLN 24.3 bn (EUR 5.44 bn) in 2026 and PLN 22.2 (EUR 4.97 bn) in 2027. Spending on railway infrastructure will constitute the major part of these investments. In 2026 alone, the CPK will generate around 57,000 new jobs in the railway business, 28,400 airport-related jobs and 9,800 in road enterprises.