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WARSAW, Poland, Oct. 20, 2020 /PRNewswire=KYODO JBN/ --

The Three Seas region is one of the fastest growing in the world and the Three

Seas Initiative Investment Fund (3SIIF) is its investment vehicle for financing

long-term infrastructure projects - Beata Daszynska-Muzyczka, chairperson of

the Supervisory Board of the 3SIIF and president of the Polish Development Bank

BGK said during the Three Seas Summit in Tallinn (Estonia).

"We set a clear goal for the Fund – developing cross-border infrastructure

investments in the region. The infrastructure gap in order to match the quality

of Western European infrastructure is almost EUR 600 bn. The Fund targets three

main sectors - energy, transport and digital infrastructure. Improving connections

between our 11 countries are key to building economic growth" – said Daszynska-Muzyczka.

In order to achieve the ambitious goals, BGK in cooperation with all

development banks in the region initiated an international investment fund -

the Three Seas Initiative Investment Fund. "Thanks to great collaboration and

relationships with banks and promotional institutions in the region we built

the basis for the Fund – its legal framework and strategy" – added

Daszynska-Muzyczka. Alongside local governments as cornerstone investors, the

Fund aims to stimulate private capital to the region, on a commercial basis.

The founding act of the Fund was signed in May 2019 under Luxembourg law by the

Polish Development Bank BGK and the Romanian EximBank. In 2020 they were joined

by the Estonian government and the Latvian development institution Altum. The

Fund is now fully operational with an independent investment committee.

The core sponsors analysed the market and chose professional infrastructure

investment advisor with proven track record - Amber Infrastructure Group. Amber

is responsible for project management, fundraising and origination for the Fund.

"We are extremely pleased that at the Tallinn Summit additional commitments to

the Fund were announced by Hungary, Slovenia, Bulgaria, Lithuania, Croatia, the

US International Development Finance Corporation and the Fund's Investment

Adviser, Amber Infrastructure Group.  Poland, through BGK, was also delighted

to announce it had increased its investment in the Fund.  The Fund is open to

international financial institutions, as well as private institutional

investors globally. This is a commercial and market driven initiative" – said

Daszynska-Muzyczka.

More information can be found at www.3siif.eu

Contact BGK:

Anna Czy, media@bgk.pl, phone number +48 609 220 208

Source - Bank Gospodarstwa Krajowego (BGK)