Port of Gdynia to invest over PLN 610 million in the next two years

The Port of Gdynia Authority (ZMPG) will spend over PLN 610 million on investing projects in years 2015-2017, the CEO Janusz Jarosiński said during a press conference on Monday. The company is planning to build or modernise waterfronts, yards, warehouses, roads and railways. As of 2015 ZPMG will invest roughly PLN 211 million, as of 2016 – PLN 136 million and as of 2017 – over PLN 162 million. As much as 70-80 percent of the funds will cover infrastructure projects. Last year's investment expenditures amounted to PLN 192 million. In terms of capacity the Port of Gdynia is the third-largest port in Poland. The Port of Gdynia Authority S.A. was established in 1999 under the Act on sea ports and harbours. Its main task is the administration of the port infrastructure.