Erabud to create multi-million złoty commercial center in Płock

In June 2004, Warsaw-based developer Erabud plans to open an amusement and trade center in Płock, as part of an investment scheduled for completion by May 2005. Since 2000, the company has carried out two stages of the investment - construction of two hypermarkets, Auchan and Obi. The new investment will cost between zł. 55 million and zł. 60 million and will be financed from Erabud's own capital and banking loans. "We plan to begin work in the third quarter of 2003," said Krzysztof Janiak, Erabud construction and investment director. Płock officials are satisfied with the investment. "We do not have such a center in the city and so it will not threaten local entrepreneurs. We expect, instead, the creation of new jobs," said Tomasz Kolczyński, Deputy Mayor of Płock. (Puls Biznesu, p. 10) M.M.