The Polish Airports (PPL) have been incorporated into the Capital Group of the Central Communication Port (CPK) as a result of the actions of the Government’s Plenipotentiary for CPK. This consolidation marks a new chapter in the development of airport infrastructure in Poland.
Photo source: cpk.pl
Strengthening Airport Infrastructure in Poland
The Government’s Plenipotentiary for CPK announced the inclusion of shares of the Polish Airports (PPL) company into the Central Communication Port (CPK). As a result of this move, PPL became part of the CPK Capital Group, which focuses on the main assets and investment processes related to airport infrastructure in the country. The transformation process in PPL has been completed, opening a new chapter in coordination and financing of investment tasks, including the construction of a new hub airport.
Solidarity Transport Hub – Key Investor in the Aviation Sector CPK, as a company, is preparing for the construction of a new airport. It already has a ready project, environmental decision, General Plan, and aviation agreements. Additionally, CPK acquired over 1000 hectares of real estate for the future port. But that’s not all – CPK is also a railway investor, planning to build about 2000 km of new railway lines.
Consolidation of PPL and CPK – Positive Effects of Incorporating PPL into CPK
As emphasized by the Deputy Minister of Funds and Regional Policy, Marcin Horała, the inclusion of PPL into CPK brings many benefits. Firstly, a strong capital group managing key state airport assets was created. Secondly, the CPK Capital Group gains a dominant position in the European region. Thirdly, the consolidation will streamline the construction of CPK infrastructure, contributing to the continuation of the Chopin Airport functions in a new, better standard.
Focus on Competence and Responsibility The consolidation of PPL and CPK led to the concentration of competence and responsibility in one capital group in terms of planning and managing national airport infrastructure. As emphasized by the President of the CPK company, Mikołaj Wild, taking control over PPL ensures consistent development of the Polish aviation sector, better integration of investment activities, and preparation for the transfer of civil traffic.
Finances and Future of the CPK
Capital Group – Increase in CPK’s Share Capital As a result of bringing PPL shares worth PLN 6.4 billion to CPK and the issuance of bonds by the Ministry of Finance for the CPK company worth PLN 3.6 billion, CPK’s share capital increased to nearly PLN 11.5 billion. All newly created shares were covered by the State Treasury, and the funds from the bond issue will be used for further preparations, design, and construction of CPK.
Integration with CPK allowed for the creation of a group that can fully exploit Poland’s geographical location and the potential of the growing aviation market in this part of Europe. As emphasized by the President of PPL, Stanisław Wojtera, specialists with unique knowledge work at Chopin Airport, which will also be used for the benefit of the emerging airport infrastructure.