The establishment of the Three Seas Initiative Fund was announced in 2018 by the President of Poland, Andrzej Duda. Thus, the economic instrument of the TSI, which has been operating since 2016, was initiated. The co-founders of the fund are the Polish Bank Gospodarstwa Krajowego (BGK) and the Romanian EximBank. The founding institutions signed the founding act of the Three Seas Initiative Investment Fund on 29 May 2019 in Luxemburg and it is subject to the laws of that state.
The fund’s investors may be institutions representing the Three Seas countries, international financial institutions and private investors from around the world. Ultimately, the fund will be of between EUR 3 billion and EUR 5 billion, investing in projects with a total value of up to EUR 100 billion. The fund invests in infrastructure projects in the Three Seas region in three areas – transport, digital technologies and energy. Its purpose is also to provide profits for its investors.