Italians initial agreement to finance new Bialystok airport

Italian company Geo Progetti has signed a letter of intent with town and voivodship authorities to build a new regional airport near Bialystok. Geo Progetti is ready to take on 50-60% of the anticipated $15 million - $18 million cost. The remainder of expenses are to be covered by domestic investors, local authorities and the Treasury Ministry. First, investors must buy the land from the private owners and finish the project details. Optimistically work is expected to begin in the spring of next year. Italian experts assure it will take no longer than 10 months to finish. (Puls Biznesu, page 4) A.D.