Stalexport negotiates financing deal for improvements to A-4 highway
Stalexport, the company that holds the concession to operate the A-4 Krakow
to Katowice highway, looks set to finalize a deal that would allow it to
seek financing for the road's modernization. Negotiations with the
Transportation Ministry and the Highway Construction and Development Agency
(ABiEA) are aimed at signing an annex to the license agreement that will
allow Stalexport to obtain financial backing to begin the second stage of
improvement work on the highway. The cost of the project is estimated at
between zl.310 million and zl.330 million, according to the Stalexport
Autostrada Malopolska press representative Alicja Rajtar. Part of the
funding will be provided in the form of a credit from WestDeutsche Landes
Bank Girozentrale, DePfa Bank and Kreditanstalt fur Vieder Aufbau.
Stalexport also plans to invest funds raised from tolls charged for using
the road. The improvement of the A-4 highway is planned for completion by
2004. (Puls Biznesu, p. 6) M.T.
