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Weekly Lists
April 26, 2019 www.intellinews.com I Page 27
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Infrastructure
Poland signs off EU financing for expansion of LNG terminal
Turkish contractors eye more investments in Belarus
Poland signed off on the EU financing of expansion of its LNG terminal in Swinoujscie that will boost the facility's capacity by 50% to 7.5bn cubic metres annually, Warsaw said on April 24.
Upon expansion, the terminal in Swinoujscie, a coastal town in north-western Poland near the border with Germany, will be able to take in the amount of gas equal to 40% of Poland’s annual demand.
The expansion is a major step towards becoming independent of import of Russian gas, the government says. Poland currently receives about two-thirds of its gas from Russia, which Warsaw considers a hostile country, a perception that intensified after Moscow’s takeover of Crimea from Ukraine in 2014.
Mithat Yenigun, head of the Turkish Contractors Association, has said that companies in Turkey have a firm interest in carrying out projects in Belarus.
Turkish companies attach importance to increasing investments in Belarus, he told the Belarus Business Forum in Turkey’s capital Ankara.
“Our business council continues extensive work on boosting the cooperation in free trade areas which provide more sufficient op- portunities for foreign investors in Belarus," he said, state-run news agency Anadolu reported.
Belarus is a small market for Turkish constructions firms. Companies from Turkey have undertaken 46 construction projects worth $918mn since 1991 whereas in 2018 alone local companies carried out projects in other countries worth $20bn.
Dubai-based DP World plans to invest €30mn in the development of the Novi Sad port on the Danube river in Serbia, after it became owner of the state-owned port, the government in Belgrade said on April 18.
This will be the largest investment in Serbia’s water transport sector.
Serbian minister of construction, transport and infrastructure, Zorana Mihajlovic, who met company’s officials in Belgrade, said that the plan is for Serbia to become the multimodal hub of the Western Balkans.
Mihajlovic emphasised that the local and central government will help the company to develop the project.
DP World to invest €30mn in Novi Sad port on Danube