Central Communication Port with PLN 300m co-financing

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Prime Minister Mateusz Morawiecki decided to support CPK, an entity responsible for the construction of the Central Airport, with the amount of PLN 300m. This is the result of the acquisition of new shares by the State Treasury, according to Mikolaj Wild, Deputy Minister of Infrastructure and Government Plenipotentiary for CPK construction.

PLN 300m for further operations

The application for co-financing of the company was submitted to the Chancellery of the Prime Minister on 24 June 2019, which resulted in signing two agreements: on acquisition of shares by the State Treasury and on investment. Earlier, the application was positively assessed by, among others, the Office of Competition and Consumer Protection (UOKiK) and the General Prosecutor’s Office in order to ensure the market character of the transaction and guarantee the interests of the State Treasury.

The PLN 300m will allow CPK to continue its business activities, including e.g. obtaining agreements and documentation necessary to design and build an airport, as well as accompanying railway lines. So far, the company’s share capital has reached PLN 10m, which has been earmarked for, among others, the establishment of a special purpose vehicle, recruitment of employees, execution of the initial concept of the airport or the division of investment tasks between CPK and PKP PLK.

45m passengers per year in Stage I

The Central Transport Port is an interchange planned in Baranow between Lodz and Warsaw. Its aim is to integrate air, rail and road transport. As part of this investment, a Solidarity Airport will be built on approximately 3,000 hectares, which in the first stage will be able to handle 45m passengers per year, and ultimately even 100m.