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Radom Airport plans bond issue

Radom Airport in central Poland is planning a bond issue to the tune of PLN 145 million to cover investment costs, and is in talks with a bank to finalize the deal.

Radom municipal treasurer, Sławomir Szlachetka has said that talks are in the closing stages and will be redeemed within 20 years.

If the bank decides to issue the bonds, a supporting contract will have to be signed between the city and the bank. According to Szlachetka, the bonds could be issued by the fall, and would have three years to spend the bond issue proceeds on building an apron as well as runway lighting.

Meanwhile, Radom Airport spokesman, Kajetan Orzeł, aid that the airport is expected to handle over 60,000 passengers in 2014. Currently, the airport employs 60 people, although that number is to rise to 100 by the end of the year.

The first regular flights to take off from Radom will be charters to Egypt from June, although it is not yet certain whether a public use certificate and entry into the civil airport register will be completed until then.

Poland A.M.

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