GTC gets A1 green light
British construction project manager John Laing Plc, which has a 26.9 percent stake in Gdańsk Transport Company (GTC), says the Polish firm has won the contract to design, build and finance the A1 motorway, which is worth some EUR 700 (zł.2,853) million.
Last week, the European Investment Bank, the EU's long-term financing arm, said it would lend EUR 500 (zł.2.083) million to GTC to build the motorway and operate it for a 35-year period.
The motorway, which goes south from the port of Gdańsk, may help attract international investors who had previously been discouraged by Poland's poor roads.
"This is an attractive market with long-term potential for infrastructure investment through public-private partnerships," John Laing's chief executive Andy Friend said in a statement. (Reuters)
Last week, the European Investment Bank, the EU's long-term financing arm, said it would lend EUR 500 (zł.2.083) million to GTC to build the motorway and operate it for a 35-year period.
The motorway, which goes south from the port of Gdańsk, may help attract international investors who had previously been discouraged by Poland's poor roads.
"This is an attractive market with long-term potential for infrastructure investment through public-private partnerships," John Laing's chief executive Andy Friend said in a statement. (Reuters)
