Stalexport told to prepare alternative plan for A4 project

Stalexport has retained the license for the construction of the Krakow-Katowice A4 highway, despite failing to provide the Infrastructure Ministry with a scheme for financing the second stage of the investment. The second stage, which includes the modernization of feeder roads, the construction of overpasses and several environmental protection projects, is expected to cost zl.293 million. Deputy Infrastructure Minister Wojciech Janczyk revealed that Stalexport has been given two options for resolving the current difficulties. "Stalexport should generate a scheme for financing the investment, or it must come up with an alternative plan under which the investment would be carried out by another entity. In the latter case, transfer of the license would be necessary," he said. Although the ministry has not set a new deadline for Stalexport to come up with the investment guarantees, Janczyk insisted, "We will not wait until the end of the year, as the license holder might hope." (Puls Biznesu, p. 3) M.K.