POST Online Media Lite Edition



 

EIB supports modernisation of Polish railways with EUR 650 million

Staff Writer |
From Gdańsk to Katowice, over 1,000 kilometres of Polish railways will be modernized and upgraded with the help of a EUR 650-million loan from the European Investment Bank (EIB) announced.

Article continues below






EIB funds will help finance 15 different segments of railway infrastructure across the country, improving train speeds and passenger comfort, and saving nearly 50,000 tonnes of CO2 per year by shifting traffic from road to rail.

The segments are part of the Polish Master Plan for Railway Transport to 2030.

The works will be implemented by the state owned Polish rail infrastructure manager PKP Polskie Linie Kolejowe over the period 2016-2023 and will be mostly located on the Trans-European Transport Network (TEN-T), including the core Baltic-Adriatic Corridor.

They include the modernisation of the railway accesses to the major Polish ports like Gdańsk, Gdynia, Świnoujście and Szczecin, and works on the 'Centralna Magistrala Kolejowa' ('CMK'), the only high speed line in Poland, between Warsaw and Katowice.

Other project components are spread throughout the Polish territory, notably in the industrial areas in the south east, and are expected to support economic growth coherently with the EU’s and Poland’s wider convergence and cohesion objectives.


What to read next

$50m needed to upgrade Zambian railways
Poland most hit by Russian embargo, countries could lose $8 billion
China's rail freight volume down 9.4 percent