National Road Fund

The National Road Fund, established in Bank Gospodarstwa Krajowego pursuant to the Act on toll motorways and the National Road Fund dated October 27, 1994, has been in operation within the structures of the Bank since 2004.
NRF was created to facilitate the investment process of constructing roads and improving the efficiency of utilising public funds by supporting the implementation of the government programme for national roads construction.

The objectives

The main objective of the Fund is to collect funds and finance the construction and reconstruction of national roads managed by the General Director for National Roads and Motorways (GDDKiA). Additionally, the Fund's resources are allocated to:

  • financing construction and reconstruction of road structures and ferry facilities, and purchasing devices for weighing vehicles;
  • financing the needs related to collection of data on public roads and preparing information on the public roads network, improvement of road safety;
  • financing construction and operation of national toll collection system; 
  • payments to companies in relation to their delivery of obligations under the agreements for construction and operation of toll motorways, including the availability payments;
  • financing the costs of consultancy services related to construction and reconstruction of national roads, and construction and operation of a national toll collection system;
  • financing the costs of consultancy services necessary for the proper performance of statutory tasks concerning the functioning and infrastructure development of public roads by the minister competent for transportation;
  • financing the costs of creating an SPV (special purpose vehicle) and financing the road-related projects undertaken by the SPV;
  • servicing debt incurred by BGK for the Fund (repayment of loans including interest and other costs, and covering the costs of issuance, interest and redemption of bonds issued by BGK for the Fund);
  • repayment by the General Director for National Roads and Motorways (GDDKiA) - pursuant to the act on repayment of selected unsatisfied receivables of businesses, resulting from delivery of public contracts granted - of unsatisfied receivables for works delivered and accepted.

The Fund's main source of funding is an 80 per cent share (76.9 per cent from 2022) in the revenue from the fuel fee paid on motor fuels and gas introduced to the domestic market (reduced in the years 2020-2021 by a total of PLN 1,385 million, to be transferred to the Railway Fund and the Fund for the development of public utility bus transport), as well as revenue from the collection of tolls on national roads and tolls on toll sections of motorways. The Fund is also credited with refunds from EU budget as well as loans and bonds signed and issued by BGK.

The basis for using NRF funds is the annual financial plan of the Fund, prepared by BGK and agreed by the minister competent for transportation and minister competent for public finance, with recommendation from minister competent for regional development in relation to the funds allocated for the delivery of the investment under operating programmes co-financed by the European Union.