Incheon Airport Corporation's Equity Investment in Poland's New Airport Project 'Conditionally Feasible'
Incheon International Airport Corporation announced on the 19th that its plan to invest approximately 750 billion KRW in equity for the 'Poland New Airport Project' was deemed feasible (AHP 0.502) in the final comprehensive evaluation of the preliminary feasibility study for public institutions conducted by the Korea Development Institute (KDI).
The preconditions include ▲ an investment loss compensation plan including a mandatory purchase condition for the Polish side's equity ▲ prior determination of the new airport usage fees and a profitability compensation plan in case of non-fulfillment.
The Poland New Airport project involves constructing a hub airport in Central and Eastern Europe capable of accommodating about 20 million passengers annually, replacing the saturated Warsaw Chopin Airport in the capital city.
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Incheon Airport Corporation stated, "To fulfill the preconditions presented by KDI, we plan to negotiate with the Polish side and proceed with the subsequent procedures for participating in the bidding for the Poland New Airport project."
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