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Chinese companies eye Polish investment market ahead of Euro2012

2008-08-19
Polish Minister of Sport Mirosław Drzewiecki has said upon returning from the Olympic Games held in Beijing that Chinese companies are keen on investing in Poland in the infrastructure it needs for Euro 2012 football championship to be co-hosted with Ukraine. The planned investment projects include sports stadiums, motorways, hotels, airport facilities and train networks, as well as other large-scale infrastructure needed for the event. He added Chinese firms offer prices up to 50% lower than the existing bidders.
REKLAMA

“While in China I met with representatives of Chinese construction companies who built the infrastructure for the Olympics. They seem to be very interested in entering the Polish market” – Drzewiecki told TVP Info.
He said that a lot will depend on the outcome of the bidding procedures. “It look like their prices are even 50% lower” – Drzewiecki underlined.
According to him the lower fees are not only the result of lower labour costs, but also of a different system. “Beijing was the world’s largest construction site over that last seven years. The Chinese used that time well and gained incredible amounts of experience and educated management staff”, he said.

"When the Chinese side found out that the tender for the construction of the second line of the Warsaw underground was cancelled and a new one was announced, they said they were ready to carry out the investment for half the amount others bid”, Drzewiecki added. On July 30, the Warsaw authorities officially cancelled the tender for the construction of the line. The contractors demanded twice as much as the PLN 2.8 billion the City Hall was willing to spend.

Addressing journalists after his visit to the Beijing Olympic Games, Mirosław Drzewiecki accused European investors of “conspiracy and greed” pointing out that by comparison Chinese building companies offer to build the stadiums at half the price of that quoted by their counterparts in Europe. "I will do my utmost to make sure that Poland does not yield to the price dictatorship of European companies who have made secret arrangements on how to milk the Polish state,” Drzewiecki said. He observed that European bidders charge two to three times as much as they would normally charge other countries. When specifically asked who could be entrusted by Poland with developing the Euro 2012 infrastructure in Poland, the minister singled out China as one possibility.

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