Poland’s allocation is intended to help expand its domestic defense industry.
In total, 19 countries have sought EUR 150 billion in cheap SAFE loans, according to data seen by public broadcaster Polish Radio's Brussels correspondent, Beata Płomecka.
The loans are low-interest with a 10-year grace period and repayment stretching to 2070—terms no Polish company could secure on the market, the report said.
While SAFE financing is generally meant for investment projects carried out by at least two countries, Poland negotiated a one-year exception allowing funding for already-started projects in a single country.
The Commission will soon be able to pay 15-percent advances to launch projects.
The rules enabling the SAFE fund were negotiated under the EU's Polish presidency in the first half of this year.
(jh/gs)
Source: Polskie Radio 24