Bialystok municipality seeking $18 million funding for airport construction

Warsaw-based consulting firm Polconsult has presented a plan for the construction of an airport in Topolany, 20 kilometers from Bialystok. Submitted to the Bialystok local government authorities, the plan outlines the suitability of the area in question to an investment of this magnitude. In May this year, the local government signed a letter of intent with Italian company Geo Progetti on the prospects of constructing an airport. The Italian firm pledged to finance at least 50% of the estimated $18 million cost of the venture, committing its expertise in the field of airport construction and passenger services. The project was scheduled to be completed ten months from start of construction, but failed to take off because local authorities failed to lure the remaining 50% of the cost. District authorities have appointed an institution to help raise funds for the urgently needed investment. (Puls Biznesu, p.4).