PLK is getting ready to issue first tranche of bonds

"We have received the government's guarantee to issue up to zł.600 million between 2004-2005. This year we will execute the first tranche, and the next one in the following year," said Tadeusz Augustowski, PLK President. The funds raised will be used for financing investments planned for this year. PLK hopes to execute investments on infrastructure modernization worth over zł.1.3 billion. EU aid funds will provide zł.600 million, while the remaining sum will be raised through loans, bond issues and subsidies. (Puls Biznesu, p. 9) A.K.