Elektrim hopes to receive money for Port Praski today

Parkiet unofficially leant that on Monday Elektrim will receive a down payment, amounting to a few percent, for the so-called Port Praski currently worth over zł. 100 million. The purchasing party will be an international consortium and the deal would only be signed after the money is transferred to Elektrim. If the money is not paid, then Elektrim will commence neg otiations with other interested. The company has been trying to sell the port for the last three years. "Since January 2003, there is no fixed plan for Port Praski and potential investors can propose their own visions of transforming it," said Warsaw's chief architect Michał Borowski. He added that the former owners of Elektrim were planning to construct "a small Manhattan" on the spot, but the city council refused to give permission for the project, which would have made the biggest impact on the city's image since the construction of the Palace of Culture. It is estimated that the necessary investments to develop the area are around $500 million. (Parkiet, p. 1) M.M.