PKP to develop housing area in Warsaw for PLN 10 bln

State-controlled PKP will carry out a housing scheme on a 160 ha area in Wola district in Warsaw, ISBnews reported. The total value of the long-term investment may exceed PLN 10 billion. The key element of the project are green and leisure areas, which will account for 40 percent of the total space. "The aim is to create a new, self-sufficient urban  framework, with parks and all the necessary infrastructure ," CEO at Xcity Investment, included in the group, Maciej Król told the agency.The entire housing area will feature some 1.4 million sqm. PKP estimates that first apartments may be delivered in 2020. The investors will be selected at the beginning of the next year.