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Investor sought for zl.300 mln national stadium complex

The Warsaw authorities are planning to build a sports-recreational complex, the most important element being the construction of a national stadium. The complex will be built in Lazienkowska Street on land adjacent to the Legia stadium which were handed over to the Military Property Agency (AMW) by the Defence Ministry The entire project will be sponsored by a consortium comprising the city of Warsaw, Legia Sports Club and the Polish Football Association (PZPN), as well as a private investor who will be selected in a public tender scheduled to take place in the second half of 2002. "We also intend to invite a company to finance the construction of the stadium, whose value is estimated at zl. 300 million. In return, the investor will be allowed to build shopping malls within the complex. The national stadiums in Europe such as the one in Stockholm have been sponsored in a similar way" says vice mayor of Warsaw, Wojciech Kozak. (Puls Biznesu, p.11) A.Z.

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