Budimex reveals $120 million Russian gas tank deal

Construction company Budimex has revealed that during Russian president Vladimir Putin's visit to Poland earlier this month company representatives signed a letter of intent with Gas Oil, a subsidiary of Gazprom, on the construction of underground gas tanks in Kaliningrad. The estimated value of the contract is $120 million. Budimex is also interested in two other projects mentioned by the Russian president; a power station in Kaliningrad and a section of the highway from Kaliningrad to Elblag in Northern Poland. "Budimex is interested in both contracts. We have been holding talks c oncerning the projects for some time now," said Budimex spokesman Waldemar Mierzwa. (Prawo i Gospodarka, p. 10) A.K.