The long slow road to the constructing of a motorway

It is likely that the Infrastructure Ministry will not retract a concession for the construction and exploitation of the planned A-1 motorway linking Gdansk and Torun from the Gdansk Transport Company (GTC). Both sides had been having problems on reaching an agreement on how to divide the investment risk. "From May 2nd we intend to start building the motorway," said Waldemar Kozlowski from Skanska Polska. It is unknown exactly how much the preliminary work will cost, but Kozlowski said that earlier estimates were around $10 million. "GTC has made a huge progress in negotiations, although it is still insufficient. We want GTC to come up with the final result of discussions with creditors," said deputy infrastructure minister Wojciech Janczyk. The ministry wants to know on what terms banks are willing to co-finance the investment. (Puls Biznesu, p. 6) A.Z.