The European Investment Bank provided PKP Intercity with a € 433 million loan to finance the purchase of new rolling stock and the modernization of the existing one, the first part of a broader € 973 million loan agreement approved by the EIB’s Board of Directors.

PKP Intercity got € 433 million loan for investment in rolling stock

This is reported by the railway magazine Railway Supply with a link to the website nakolei.pl The railway sector in Poland will be strengthened due to significant financing from the European Investment Bank (EIB).

The EIB and PKP Intercity signed a loan agreement that will help the company finance a strategic rolling stock modernization program aimed at increasing the frequency, safety and attractiveness of long-distance trains across the country, as well as improving accessibility for people with disabilities.

Transmashholding has started to fulfill the contract for the maintenance of trains in Germany

The signed loan is the first part of a broader loan commitment of almost EUR 1 billion approved by the EIB Board of Directors for PKP Intercity.

This commitment represents the largest EIB loan ever approved for the railway sector in Poland. In particular, the project provides for the purchase of 108 electric locomotives, 300 passenger cars, 38 double-deck cars, as well as the modernization of 14 electric locomotives and 288 passenger cars belonging to PKP Intercity.

By 2028, more than 30% of all PKP Intercity rolling stock will be modernized with funding from this project. The planned investment could lead to an additional increase in passenger number to around 25 million in 2028.

Railway news you may have missed:

The EIB will allocate 100 million euros to Kyiv for the purchase of trolleybuses and subway cars

Find the latest news of the railway industry in Eastern Europe, the former Soviet Union and the rest of the world on our page on Facebook, Twitter, LinkedIn, read Railway Supply magazine online.

Place your ads on webportal and in Railway Supply magazine. Detailed information is in Railway Supply media kit