Page 30 - bne_newspaper_December_07_2018

Weekly Lists
December 7, 2018 www.intellinews.com I Page 30
bne:
Infrastructure
Poland and Denmark give Baltic Pipe gas link final go-ahead
Poland and Denmark have made a final decision to carry out the construction of Baltic Pipe, a key energy infrastructure project that is set to reduce Poland’s dependence on Russian gas imports, investor companies Gaz-System and Denmark’s Energinet said on November 30.
Construction is currently expected to begin in 2020 and finish in 2022, the year Poland’s long-term gas supply contract with Russia’s Gazprom expires. There is a healthy enough market interest in the project, Gaz-System said in October.
Baltic Pipe will link Norwegian gas fields operated by state- controlled oil and gas company PGNiG to Poland via Denmark. The pipeline will have the capacity to pump up to 10bn cubic metres (cm) of gas annually, possibly bringing Poland’s imports from sources other than Russia to 17bn cm a year.
A consortium of Porto Montenegro, a daughter company of Canadian businessman Peter Munk's Adriatic Marinas, and Netherlands-based Damen Group has signed a deal with Montenegro’s government for the concession of the Adriatic shipyard of Bijela (JBB), Portalanalitika.me reported.
Damen and Adriatic Marinas have been working with the government on plans for reviving the bankrupt shipyard since 2012. The consortium filed the sole bid for the 30-year concession of JBB at the beginning of 2016 and the government decided at the time to start talks with it.
Ongoing remediation works should end by 2020 and will allow the consortium of Damen and Adriatic Marinas to transform JBB into a superyacht repair and refit facility over a period of 12 months.
Ulaanbaatar, the capital of Mongolia, is joining the Green City Action Plan supported by the European Bank of Reconstruction and Development (EBRD) which seeks to address pressing ecological and infrastructure challenges, the development bank said on November 30.
The city of 1.4mn will become the first municipality in Asia to join the programme. The Green City Action Plan will be also supported by South Korea’s government. It is expected that the first project under the framework will aim to improve Ulaanbaatar’s solid waste management system.
Damen, Adriatic Marinas get concession for Montenegro’s Bijela shipyard
Mongolia’s capital joins EBRD’s Green City Action Plan