It is chocks away for Modlin as contracts are signed

"The airport will cover the area of 300 ha. Currently PPL has purchased 1% of the land, but in the end it will own 49% of the area," said Marek Sidor, president of airport PL Modlin. The parties also agreed on the terms of investment conditions of the whole venture. "Zł.80 million will be designated for repairing the on-ground infrastructure," explained Sidor. In order to finance the investments PPL will use a loan. Once the repairs begin, either in summer 2006 - if the tender procedure has to be applied - or this fall if there is no tender process, they would take up to five weeks. The airport will be equipped with state-of-the-art navigation system, which may be funded by zł.12 million provided by the Infrastructure Ministry and the remaining zł.40 million coming from PPL. The terminal will cost around EUR 4 million and the is expected to break even in 12 years. (Puls Biznesu, pp. 1, 11) M.M.