A2: The Chinese funding gap
Covec, the Chinese consortium working on the A2 motorway construction has begun making payments to striking subcontractors who had endangered the road’s timetable. The Chinese contractor claimed it had run into cost overruns, but the Polish state (via the GDDKiA) had been refusing to finance the gap. Covec won the tender in large part because of the price it bid in the tender.
Metro station construction permit granted
Warsaw’s governor Jacek Rostkowski has approved the construction permit the Świętokrzyska station of the new metro line. It’s a key step in the delayed project, as the station will be a transfer point with the existing metro line. The permit for the Dworzec Wileński station still awaits approval.
Echo sells Bełchatow scheme
Eleven years after its completion, Echo Investment had sold its shopping center located in Bełchatów, near Łódź. The company signed a PLN 44m contract for the 9,300 sqm retail development with a Cyprus-based company. Echo will continue to carry out facility management of the center.