Polish Rail Company PKP Secure 165 Million Worth of Loans
Polish Railway Company PKP have been authorised two loans totalling €165 million from the European Investment Bank (EIB) to upgrade sections of lines of the Warsaw – Lodz line and Poznan – Czempin line.
€100 million of the loan will be used to finance a 58km stretch between Warsaw Zachodnia and Miedniewice on the Warsaw – Lodz line which will be upgraded for 160km/h operation along with resignalling a 42km stretch between Miedniewice – Lodz Widzew.
E59 European Rail Corridor
The €65 million that remains will be used to upgrade 32km length of twin track from Poznan – Czempin in the South West of Poland, part of the E59 European Rail Corridor which connects Malmo in Sweden with Ostrava in the Czech Republic, through Poland via Szczecin, Poznan, Wroclaw and Chalupki.
The upgrading of the line will allow trains to operate at 160km/h and forms the second phase of modernisation to the 164km Poznan -Wroclaw which is expected to be completed by 2016.
EIB Vice-President responsible for operations in Poland, Mr Anton Rop said of the loan “The EIB funds will help to upgrade the railway lines along the key transport corridors in Poland, contributing to an increase of transport safety and speed and improving the environment by promoting environmentally friendly modes of transport”.