CPK to buy 1,000 hectares of land for airport construction under voluntary acquisition program

by   CIJ News iDesk III
2023-09-13   13:18

The company Centralny Port Komunikacyjny (CPK) has so far purchased more than 1,000 hectares of land for airport construction as a result of the Voluntary Acquisitions Program (PDN), the company said. The terms under the PDN are more attractive than the procedure of expropriation with compensation, it stressed.

According to the latest data, the pool of purchased properties has exceeded 1,000 hectares, and further transactions are either awaiting the signing of notarial deeds, or are at the stage of signing memoranda of understanding, or advanced talks, CPK reported.

More than 1,300 owners owning nearly 3,600 hectares have so far signed up for the Voluntary Purchase Program (PDN). More than 80% of the developed properties from the CPK Phase I area have already been enrolled in the PDN.

"Within the framework of the DAP, we offered residents from the CPK area solutions for the first time applied in the implementation of a public infrastructure investment in Poland. This allowed the CPK company to efficiently and effectively acquire real estate and begin preparatory work for the construction of the airport," said CPK CEO Mikołaj Wild.

The value of each property is determined by independent appraisers selected through a public tender. When selling a property, owners are offered 140% of the market value of the buildings and 120% of the value of the land, it noted.

Depending on the situation of the residents, a replacement valuation of the property without taking into account the degree of wear and tear is also used. The price offered for the property is such that the owner can build a new house of the same size for it at current market rates.

Instead of a classic sale transaction, residents can opt for a choice of replacement properties. The owner can swap his property for an agricultural plot (from a pool of about 600 hectares), a building plot, but also a new house or apartment from the range of replacement properties in the CPK stock, the material also shows.

The first phase of the airport, i.e. two parallel runways and infrastructure to handle 40 million passengers, is expected to be operational in 2028. The CPK Master Plan assumes that the port will be expanded in a modular manner thereafter. According to projections by the International Air Transport Association (IATA), the airport could handle up to 65 million passengers in 2060.

The Central Transportation Port is a planned interchange between Warsaw and Lodz to integrate air, rail and road transportation. The CPK is 100% state-owned.

Source: CPK and ISBnews