Budimex consortium gets PPL's OK for Okęcie terminal construction delay

Budimex-Ferrovial-Lamela, a consortium currently building a new terminal at Okęcie Airport, has received consent from the Polish Airports Authority (PPL) to delay final construction by 3.5 months, with the new date for completion being put back to April 15, 2006. The consortium asked for permission to extend the deadline after the construction permit was delayed as a result of a quarrel between the local Warsaw authorities and PPL regarding who should finance building the roads leading to the new terminal. The permit came into life as late as March 19. Yesterday, Budimex successfully made its case for the postponement. However, the PPL has warned that Budimex may still be held financially responsible for the delay, but the amount is not expected to be significant when compared to the total worth of the investment, some $200 million. (Parkiet, p. 3) D.W.