Despite a short-lasting downturn in economic activity caused by the Covid-19 pandemic, the Polish construction industry will continue to exhibit a significant potential for growth right up to 2025. Notably, the outlook for the civil engineering sector has improved compared with the previous projections. A vast majority of projects underway or planned to implemented are located in the six most economically advanced regions, which account for almost 65 percent of the construction market’s total value.
The total value of the 960 largest investment projects underway or planned in Poland is estimated at over €120 billion, according to the findings of the latest report from research firm Spectis, “Construction market in Poland 2020-2025 – Analysis of 16 regions”.
For the needs of the report, the Spectis team have reviewed a set of almost 1,000 projects that will make the biggest contribution to the future economic developments in the construction markets locally across the country. The study focused on the top 60 projects in each of the voivodeships: 30 building construction projects and 30 civil engineering projects. The total value of the flagship projects underway tops €25 billion, whereas projects in the tender or planning stage are valued at €96 billion.
The value of projects covered in the report amounts to €127 million per single project on average: the average figure for building structures stands at €70 million, and it is a whopping €184 million for civil engineering structures. The exponential average value for civil engineering projects has been driven by a number of mega-projects worth several dozen billion zlotys. Projects of that magnitude are typically subject to a high risk of delay. On top of that, they may never be completed.