The transformation of Przedsiębiorstwo Państwowe “Porty Lotnicze” into a joint-stock company, in which the Treasury will be the sole shareholder, is one of the solutions in the draft law passed by the government regarding the improvement of the CPK investment process – it follows from Tuesday’s communiqué from the Chancellery of the Prime Minister.
The Chancellery of the Prime Minister announced on Tuesday that the government has passed a bill to improve the investment process of the Central Communication Port, submitted by the Government Plenipotentiary for the Central Communication Port.
The Central Communication Port is a new transport system for Poland that will integrate air, rail and road transport. As part of this project, Solidarność Airport is being built 37 km west of Warsaw, on an area of approximately 28 square km, which will be able to handle 40 million passengers per year in the first phase.
“The government wants to streamline the investment process related to the establishment of the Central Communication Port. The scope of the CPK implementation will also increase through measures aimed at boosting the Polish economy. It is about creating a global hub for the flow of people and goods in central Poland and the location of new investments in highly developed sectors” – she announced in the Chancellery of the Prime Minister’s announcement.
One of the key solutions of the project is also the transformation of Przedsiębiorstwo Państwowe “Porty Lotnicze” (PPL) into a joint-stock company called “Polskie Porty Lotnicze Spółka Akcyjna”, in which the Treasury will be the sole shareholder. Subsequently, the shares owned by the Treasury will be transferred to the Central Communication Port.
“This solution will integrate PPL with STH by concentrating the powers and responsibilities related to the planning and management of the national airport infrastructure in one entity. It will also enable the coordination of investment activities in this area” – it was announced.
According to the project developers, a strong capital group will be able to counter market demands more effectively and be a generator of economic development, while at the same time it will provide stable support for the entire sector in emergency situations (e.g. crisis caused by a pandemic).
The project provides for the granting of rights to the CPK special purpose vehicle for efficient execution of investments and associated investments. “These are the rights that correspond to the rights of other investors for public purposes, which will allow the use of special investment laws for the implementation of investments accompanying the STH project” – it was stated.
With regard to railway investments, the special purpose vehicle acquires the status of applicant for a procedure for issuing a decision determining the location of a railway line and beneficiary of this decision. The possibility of early implementation of preparatory work for the investment will be introduced (similar to the legal solutions related to the construction of nuclear power plants).
There will also be new tasks for the Government Plenipotentiary for the Central Communication Port and the CPK company. The authorized representative ensures optimal conditions for the socio-economic and spatial development of the STH region. This enables effective planning of investment elements such as Airport City and new residential and commercial areas. It is about ensuring comprehensive government intervention in the fields of the economy, spatial planning and sustainable development.
The project also provides for the implementation of changes arising from the dialogue with the social side. “Small changes will be made to the rules for the acquisition of real estate, which are the result of a dialogue with the social side (the result of this dialogue are also solutions in other areas, including the Voluntary Acquisition Program – the project provides for a number of incentives to sell real estate in a large area of the future STH location before the formal settlement of this location by means of an administrative decision) “, announced the Chancellery of the Prime Minister.
The proposed solutions are also based on an increase in the advance payment for compensation (after the decision of the first instance) and the extension of the group of persons entitled to an advance; introduction of a mechanism that allows the extension of the deadline for the issuance of the real estate after the issuance of the STH location decision, over the legal 120 days – depending on the possibilities arising from the schedule of preparatory and construction works.
“The expected effect of the new regulations will be to remove interpretative doubts and reduce administrative burden, which will have a positive effect on shortening the investment process” – it was announced.
The STH will also include a rail hub in the immediate vicinity of the airport and connections within the country, enabling travel between Warsaw and major Polish cities in no more than 2.5 hours.
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