The Three Seas Fund, an investment vehicle initiated by the Polish state-owned development bank BGK, has collected EUR 1 billion in funds that can be used for energy and infrastructure investments in Central and Eastern Europe, said BGK’s CEO.
The Three Seas Initiative, under which the fund operates, is an infrastructure and energy cooperation project involving 12 Central and Eastern European countries stretching from the Baltic to the Adriatic and Black seas.
Beata Daszynska-Muzyczka said that the target figure for the fund, which was set up in 2019, has been set at EUR 3-5 billion.
“Our investment advisor has been looking for projects,” the BGK boss said. “Currently, we’re analysing 180 projects that the fund can carry out.”