EIB in €165 million Poland rail loans
By Helen Wright25 October 2012
The European Investment Bank (EIB) has approved two loans totalling €165 million to Polish state-owned rail company PKP to support the upgrade of key rail corridors across the country.
€100 million will be used to finance the upgrade of a 58km line between Warszawa Zachodnia and Miedniewice to enable trains to travel at 160km/h. It will also go towards signalling enhancement on a 42km section of line between Miedniewice and Lodz Widzew.
A further €65 million loan will be used to support the modernisation of a 32km section of the E59 railway line connecting Poznan to Czempin in the South-West of Poland, enabling trains to travel at 160km/h. The E59 is a European rail corridor connecting Malmo in Sweden with Ostrava in the Czech Republic through Poland via Szczecin, Poznan, Wroclaw and Chalupki.