Foreign investment to fund new $2.3 billion airport
An international consortium is planning to construct Poland's largest cargo
airport. The 25 members of the consortium, among them investors from the US,
Canada, Turkey, the UK and Germany, are expected to spend as much as $2.3
billion on the new airport, located in Biala Podlaska in eastern Poland, 120
kilometers from Lublin. The project envisages the construction of two
runways, an airfield for 20 airplanes, a passenger terminal capable of
handling eight million people annually, a cargo terminal and a helicopter
port. The project is the brainchild of Turkish businessman Vahap Toy, and
his Warsaw-based company Epit & Corporation for East-West Development is the
developer. According to Piotr Wieczorek, director of Biala Podlaska Airport,
"Our airport and the economic zone are included in the development strategy
for the Lublin region." The project will be financed through private
investment and not government funding. (Gazeta Wyborcza, p. 26) M.T.K.
