Czech government releases 30-year investment plan

PRAUGE (Xinhua) – The Czech government released a new National Investment Plan that lays out proposed government projects until 2050, according to a press release on Monday. The plan encompasses over 20,000 projects worth CZK8 trillion (USD347.83 billion) that will focus on “social benefit and… meet the strategic objectives of the Czech Republic.”

About CZK6.2 trillion, or 77.4 per cent, of the investment focusses on transportation. Other sectors include energy, education, business and trade, research and development, regional investment, health, culture and security.

“This plan … should be the main engine of growth of the Czech economy in the future,” said Prime Minister Andrej Babis.

Investment projects outlined in the plan will serve as a guideline for local governments, according to the national government, and will be the basis of negotiations for funds from the European Union (EU) to the Czech Republic for 2021-2027.