Financing of the Port of Poland in its final stages. The deadline to obtain funds is in the summer
On Tuesday, the president of BGK, Mirosław Czekaj, and the president of the Centralny Port Komunikacyjny company, which is to build Port Polska, Filip Czernicki, will meet to discuss the role of the Polish development bank in financing the construction of the new central airport. The estimated cost of this investment is approximately PLN 43 billion by 2032.
In a December interview with Business Insider Polska, the president of BGK declared: We are ready to co-finance the construction of the CPK. Our capacity for individual projects of this type does not exceed PLN 10 billion. In the meantime, Prime Minister Donald Tusk announced the change of the name of this investment to “Port Polska”.
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Before Tuesday's meeting with Filip Czernicki, Czekaj confirms those declarations. — We treat the implementation of the Port Polska investment as one of our strategic projects, just like the construction of a nuclear power plant. This means that we are interested in discussing the active role of BGK in financing such an important project for the bank, says the president of BGK to Business Insider Polska.
The president of BGK, Mirosław Czekaj, meets with the president of CPK, Filip Czernicki, to talk about financing the construction of the Port of Poland
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Anatol Chomicz / Forum / Forum Polish Photographers Agency
Notes that Due to the scale of the project, it will require the involvement of many financial institutions and instruments. — As a development bank, we see our role here. We have ambitions to support large infrastructure projects that stimulate the Polish economy and improve the quality of life in Poland, emphasizes Czekaj.
The construction of the Port Polska airport is to be financed by the summer
In December 2024, CPK and Polish Airports (PPL) signed a letter of intent regarding the joint construction and management of the CPK airport. As a result, PPL is the main investor in the airport part of Port Polska. This company is to acquire shares in a special purpose vehicle that will manage the airport.
In turn, at the end of July 2025, CPK concluded a tender for the selection of an advisor who will support it in the processes related to obtaining debt financing for the construction of the airport. The winner was the consortium of Lazard Freres SAS and Pekao Investment Banking, with which the contract was signed in September 2025.
The company's management estimates that 30 percent the value of the project will be financed by the state in the form of treasury securities and cash contributions, and the remaining 70 percent — that is, approximately PLN 30 billion — will have to be borrowed. Some of this financing will be provided by Polish banks, but most of it will have to be obtained abroad. Officially, financing is expected to be completed by the end of this year.
According to our sources, from the amount approximately PLN 43 billion, which is to be spent on the construction of the new airport, PLN 30 billion is to come from debt, PLN 9 billion will be contributed by CPK, which will receive this amount in treasury securities, and PLN 4.3 billion will be contributed by PPLwho will have to borrow this money. – The former Chopin Airport areas may go to the CPK company in exchange for the assets of the CPK airport – adds our interlocutor.
— Obtaining this PLN 30 billion on the markets is a challenge. The real deadline for closing the debt financing is July-August this year – says our interlocutor.
In this case, as he points out, there will be no guarantee from the State Treasury, as was the case with the construction of the first Polish nuclear power plant in Lubiatów-Kopalina in Pomerania. – As a result, financing this project will probably be more expensive, although on the other hand, the conditions on the financial markets are very good now – emphasizes our source.
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An agreement with Polish banks is to be signed in February-March
Our other source indicates that an agreement with Polish banks, including BGK, is to be signed in February-March; the creation of a consortium of Polish entities may be an option.
— Based on our research so far, there should be no problem with obtaining financing. The project is perceived as attractive and promising, also among potential partners abroad – we hear.
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Port Polska is a strategic infrastructure investment program implemented by the Centralny Port Komunikacyjny company. Its goal is to create a modern transport system for the country that will integrate air, rail and road transport. As part of Port Polska, a central airport, located between Warsaw and Łódź, and a high-speed rail system are to be built.
In the first years, the new airport will be adapted to handle 34 million passengers per year. However, it is designed in such a way that it can be flexibly expanded, in accordance with the needs and forecasts of market development.
