POST Online Media Lite Edition


EIB lends 250 million euros to Poland’s railway

Staff writer |
The European Investment Bank (EIB) is lending EUR 250 million to PKP Polskie Linie Kolejowe to finance improvements to the railways along the strategic TEN - T North Sea – Baltic Corridor linking the Baltic Sea with Ukraine.

Article continues below

The EIB funds will support the modernisation of the 171 km section of the railway line between Warsaw and Lublin and the rehabilitation of the Łuków–Lublin freight bypass along a 51 km stretch both for passenger and freight rail traffic.

Besides reducing the travel times for freight and long-distance traffic, the project will notably have significant positive impacts on commuter traffic in Warsaw and Lublin through the construction of new tracks where increased transport capacity is needed to meet rising traffic demand.

The upgraded railway connections will provide a smoother transport flow by enabling a higher maximum transport speed and improving passenger safety through the implementation of updated security systems.

The current project, which is envisaged to be co-financed also by EU funds, continues the fruitful cooperation between the EU bank and PLK. The EIB has previously provided 15 loans to PLK totalling some EUR 2.3 billion.

What to read next

China Construction Bank to buy Banco Industrial e Comercial
Alaskan beer company uses beer as a fuel
PPG Industries to restructure and save $125 million. At least