PKP Investment

Much Improved

Much Improved

According to PKP (Polish State Railways), PLN 1 billion this is the amount of money needed to completely modernise the flagship Polish carrier. Part of these funds will come from the recent privatisation of PKP Power Engineering. How large this proportion will be will become clear at the end of September. Funding Intercity will be one of the key points for PKP Group‘s new strategy, to be published before the end of the year. The most important issue for the railway carrier is to manage to do this by the end of 2019 when the passenger rail market will be opened up in Poland. This means that foreign carriers will appear on the railroads and real competition will begin. PKP Intercity currently needs at least PLN 1 billion. PLN 850 million would be allotted to new rolling stock, and approximately PLN 150 million for the modernisation and construction programme of new stations across the country. “Buying rolling stock is only a part of the plan. We need to build sound base which will aloow the new trains to serve us well,” says Piotr Ciżkowicz, vice president of PKP SA.
gazeta.pl

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