JW Construction gets the ball rolling on Zeran complex

Today will be the first day of the first phase of a major investment along the bank of Warsaw's Zeran canal. The project involves the construction of a congress-recreational center in Krolewski Port Zeran (KPZ). The estimated cost of the first phase alone will be in the region of zl. 440 million. The main contractor and co-investor is a consortium of companies belonging to Jozef Wojciechowski owner of JW Construction, which in turn has created a partnership with gmina Bialoleka, which is providing a plot worth zl. 18 million. An aqua park and a congress-recreational centre for 2,500 participants, with hotels, restaurants and a casino will be built in the first phase, which should be completed within 36 months. Representatives of JW Construction believe that the costs should be recovered over a 10-year period. "Sources of financing have been provided by companies within the JWC holding and external sources. At present we are holding talks with potential users of the center to participate in the financing," said JWC spokesman Krzysztof Bochus. The second phase will begin sometime in the unspecified future and will see the addition of an office building, cinema and exhibition hall. (Puls Biznesu, p. 9) M.M.