Military Housing Agency (WAM) announces tender for army living quarters

The Military Housing Agency (WAM) has recently announced a tender for living quarters of army officers in Warsaw worth zł.137 million. "We want the contractor to finance the investment, while we will pay him off in installments. We provide land as well," said Zdzisław Zieliński, WAM spokesperson. One of the local developers in Warsaw believes that mainly large construction companies would be interested in the project, but they usually agree to financing investments up to 5-10% of their total value. Zieliński added that if finding an investor willing to finance the investment proves unsuccessful, WAM could obtain money from the National Housing Fund (KFM). "In this case we would have to come up with 30% of the money. We can do it, but it will limit our investments," said Zieliński. (Puls Biznesu, p. 11) M.M.