PŻB to receive new ferry in 2019

In the letter of intent signed by the Polish Development Fund and PKO BP the signatories have committed to provide equity and debt financing of the investment project.

 

The consortium of industrial partners to build the new ferries are Szczecin Industrial Park, Gryfia Maritime Ship Repair Yard, Nauta Ship Repair Yard and J. Piłsudski Ship Repair Yard in Gdańsk.

 

The reason behind PŻB’s expansion of its fleet is to create new ferry links on the Baltic Sea. This is what Paweł Borys, Chairman of the Polish Development Fund has to say about the financial aspects of the investment: Our investment aims to increase the competitiveness of the Polish ferry company which in our opinion has good perspectives for growth if supported by construction of the road infrastructure in Poland. Also, the placement of orders for the new ferries with Polish shipyards will be a boost to the Polish ship-building industry and the collaborating businesses. From the economic perspective, the project will be a healthy injection of new technologies into the sea cargo sector.

 

The investment project will be carried out under the new act on mobilisation of the Shipbuilding Industry and Complementary Industries effective from January 1st, 2017.

 

According to the Responsible Development Action Plan adopted, the Polish Development Fund Group will be established by the end of 2016. The group will integrate the following institutions: KUKE, Bank Gospodarstwa Krajowego, Polish Agency of Entrepreneurship, Polish Information and Foreign Investment Agency and Industry Development Agency.

 

The key areas of the Polish Development Fund’s activity will include support for small and medium-sized businesses, financing and promotion of innovation, infrastructural projects, and export and foreign investment development. The aim of the development bank’s new structure is to provide effective tools facilitating development policy as well as increase Poland’s investment and economic potential.

 

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