Centralny Port Komunikacyjny (CPK) is a long-term investment which is planned for opening in the second half of this decade. Therefore, preparations for construction are underway, both in the airport and railway part. The construction of a new transfer hub, the associated road and rail investments will provide a positive boost to the economy, the labor market and Poland's GDP.
The current situation and the unprecedented collapse of the aviation and rail markets will have serious consequences, but CPK is a multi-year investment project. The first stage of the new airport is scheduled to be launched in the second half of this decade. There is a valid market justification for designing and constructing the first stage of CPK: two parallel runways with a capacity of up to 450 thousand air operations per year and a passenger terminal capable of handling up to 45 million passengers per year.
Planned airport and railway investments will provide a positive boost to the economy and the labor market, both during and after construction. The new railway lines will connect most of the regions of Poland with CPK and Warsaw in a time no longer than 2.5 hours. The investment project will also include the connection of previously unconnected cities to the railway network (i.e. Grójec, Jastrzębie-Zdrój, Łomża, Kolno, Tomaszów Lubelski), it will also entail increased investment attractiveness of the towns which will gain direct long-distance connections (for example: Busko-Zdrój, Grudziądz, Kłodzko, Nysa, Ostrołęka Płock, Sanok, Zamość).
The CPK investment is a huge boost for the labor market. For comparison: a new passenger terminal of Changi East is planned to be constructed in Singapore. The aerodrome estimates that 20 thousand people will be employed in the construction works during the peak period. In the case of a new airport in Istanbul opened last year, the number of employees at the construction site amounted to 35 thousand.
Global political and economic crises happened before and most of them have been the cause of a sudden decline in air travel and had a negative impact on the aviation sector in the short term, for example following the attacks of 11 September, the SARS epidemic. In the long term, the traffic was restored, ultimately to increase further at a later time.
The International Air Transport Association (IATA) indicates that the 2nd quarter of 2020 will be a time of the largest decreases in passenger aviation. According to IATA, a gradual upwards trend should start afterwards. We do not know how long this period of market restoration will last as of yet, but there is no doubt that, “at the end of the day”, passengers will resume air travel.