Gaz System lacks the funds for infrastructure investment

Up to April 2007 Gaz System will invest only zł.170 million of own funds and these will only cover expenditures related to the modernization of the IT system. However, the company will receive zł.225 million from PGNiG, but this is still far from the billions of złoty planned in its strategy. "We will be constructing the Szczecin-Gdańsk gas pipeline and we have to complete the stretch between Włocławek and Gdańsk, construct a gas pipeline between the gas depots Wierzchowice-Mogilno and we also have to complete the gas-main between Warsaw and Silesia," said Paweł Stańczak, deputy president of Gaz System. The cost of the Szczecin-Gdańsk gas-main only will come to zł.800 million-zł.1 billion. (Puls Biznesu, pp. 1, 8) M.M.