FINANCING THE ACTIVITIES OF THE REGIONAL REVITALIZATION OPERATOR IN SILESIAN VOIVODSHIP

1 OLKO Sławomir
Co-authors:
1 BRZÓSKA Jan
Institution:
1 Silesian University of Technology, Gliwice, Faculty of Organization and Management, Poland, EU, Slawomir.Olko@polsl.pl
Conference:
7th Carpathian Logistics Congress, ALEXANDRA WELLNESS HOTEL, Liptovsky Jan, Slovakia, EU, June 28th - 30th 2017
Proceedings:
Proceedings 7th Carpathian Logistics Congress
Pages:
294-300
ISBN:
978-80-87294-74-1
ISSN:
2694-9318
Published:
30th November 2017
Proceedings of the conference were published in Web of Science.
Metrics:
372 views / 126 downloads
Abstract

The industrialization and urbanization conducted without respecting the rules of the environment has led to the destruction and degradation of many areas. The need of their revitalization especially in industrialized regions is a very important social and economic problem. One of the regions characterized by a large area of degraded land is Upper Silesia (Silesian Voivodeship). The project of the Regional Revitalization Operator, developed by a consortium of scientific research institutions, is oriented towards the development of extractive waste. The purpose of the study is to present the model, its structure, functions, objectives and tasks. In particular the financial aspects of the planned project are presented. The condition of the areas requiring revitalization, which constituted the potential of the supply of orders to the Operator, was examined. Equity financing based on the sale of revitalized land to investors was also characterized. The sources and instruments of external financing were also analyzed. They can come from both the state budget, EU funds and mining communities. Commercial financial instruments, which may constitute a component of the financing engineering of the Operator, are also presented.

Keywords: business model revitalization, revitalization operator, post-industrial brownfield sites

© This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.

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