Asian Infrastructure Investment Bank to co-fund ‘priority’ central Polish airport

Yee Ean Pang, who heads one of the AIIB’s investment operations departments, said that the bank could in future co-finance the initiative if it were in line with the bank’s policy of promoting “interconnectivity” between the continents, according to onet.pl. It may also be a big boon to the New Silk Road project endorsed by Beijing.

That means the airport would need to promise to affect passenger traffic to Asia, Pang said, adding that the bank has already spoken about it with Polish government representatives.

Plans to build a central Polish airport near Łódź, in central Poland, was announced amid worries that Warsaw’s Chopin Airport will soon reach maximum capacity.

The project is expected to cost some PLN 20 billion (EUR 4.7 billion) on its own, or PLN 30 billion together with rail and logistics infrastructure.

 

The AIIB, which comprises of 52 countries, including Poland, is a new Chinese-government initiative which was launched at a ceremony in Beijing in October 2014 which offers an international finance institution alternative to US-dominated ones like the World Bank or the International Monetary Fund.

Polish Prime Minister Beata Szydło told public broadcaster TVP Info that she would in May travel to China for talks and to sign a deal.

Source: thenews.pl

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