Under an agreement signed in Warsaw on Thursday, the company managing the planned new Polish hub airport and South Korea’s Incheon International Airport Corporation (IIAC) are to work together through a joint venture in which the Koreans will have a minority stake, officials said on Thursday.
“This agreement is an extremely important milestone in our cooperation,” Polish Deputy Infrastructure Minister Marcin Horała, who is also the government’s pointman on the CPK project, told reporters.
“Our collaboration started with the choice of strategic advisor, and its aim is a strategic partnership, with the South Korean side having a share in our new airport through a joint venture where they will invest and co-manage the new airport, after first helping build the facility,” Horała said.
He signed the deal on Thursday together with South Korea’s Minister for Land, Infrastructure and Transport Noh Hyeong Ouk, as well as the CEOs of CPK and the Incheon airport, Polish state news agency PAP reported.
The deal "will be part of wider intergovernmental cooperation under the strategic partnership between Poland and South Korea,” Horała said.
“CPK and IIAC will agree on the exact terms of the investment by the end of next year,” the CPK company said in a statement.
The new Polish air hub will be located around 40 km west of Warsaw and will integrate air, rail and road transport, according to officials.
The mega-airport, with an initial capacity of 45 million passengers a year, is expected to be built by 2027.
Incheon is South Korea’s largest airport and was earlier this year named as a strategic advisor for CPK.
(pm/gs)
Source: PAP, cpk.pl
