The local government of the Wielkopolska province (western Poland) has passed a resolution stipulating for a bond issue worth of PLN 228mn (EUR 54mn) this year. The majority of the issue's proceeds (PLN 208mn) will be earmarked for the 2013 investments, while part of them (PLN 20mn) for rolling over older notes.
This year, the province plans to invest PLN 402mn in road and railway infrastructure, PLN 108mn on land or drainage improvement and PLN 93mn on the authorities new seat.
The province's debt is planned at PLN 532mn at the end of 2013.
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