Chinese developer may invest EUR 1 billion in Szczecin

The project concerns an investment worth EUR 0.5-1 billion around Lake Dabie, which would take between five to ten years to complete. "We are considering several options of participating in this project: by contributing land for the company, using public-private partnership or the sale of the plots," said Szczecin's Deputy Mayor Leszek Dlouchy. The project envisages the construction of an apartment-hotel complex, houses and yacht port. "We are also negotiating the joint construction of council flats," said the deputy mayor. Min Hoong Holdings has been operating in Poland since 1991 and so far their business record is very good. "We are not afraid of cooperation. We checked everything. The developer has good recommendations from the Sopot City Council," said Dlouchy. In addition next week Szczecin officials will meet with the representatives of Hungarian TriGranit to discuss the construction of an airport for small planes. (Puls Biznesu, pp. 1, 10) M.M.