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.

Latest News
Boels orders 600 Atlas Copco compressors
Order includes plug-and-play, electric-powered portable compressors for low emission zones
Initial works contract for US$6.6 billion Australian rail link
Laing O’Rourke has been awarded the Initial Works and Early Works package for Suburban Rail Loop in Australia
Business leaders’ recognition for waste company MD
UK’s Institute of Directors honours Jacqueline O’Donovan at annual awards event