BGK to grant first PPP project with State Treasury as a party
16:21
State-owned lender BGK has signed a loan with a subsidiary of Warbud to carry out the construction of the district court in Nowy Sącz (Małopolskie voivodship), the media reported. This is the first time when BGK involves in a public-private-partnership (PPP) investment where a state treasury legal unit (the court) act as a public party.
"A lot of PPP schemes failed in Poland, because they did not manage to obtain funding. We have succeeded. We are going to gain construction permits by the end of the year, and to complete the project by the end of 2017," said Mirosław Józefczuk, member of the board of managers at Warbud. The entire value of the project stands at PLN 6.1 million.
