Hefty bill if shipyards fall

Poland's Treasury Ministry would have a zł.4.6 billion bill to cover if the Gdynia and Szczecin privatization plans fall through, the treasury minister Aleksander Grad said on Friday in Sejm.

Grad read out a special bill outlining the procedure under which the two yards will be sold during open, non-discriminatory and unconditional tenders. According to Grad, if the opportunity is not taken to sell off the yards, the Treasury would have to cover the zł.4.6 billion costs. He emphasized that the new plan gives the Gdynia and Szczecin yards a chance to continue building ships. "This is a chance that we should take advantage of," he said.

Source: PAP