€250m EIB loan to finance Poland railway infrastructure upgrade
Posted: 22 April 2016 | | No comments yet
The European Investment Bank (EIB) has provided funding for a €250 million upgrade of Poland’s railway infrastructure along the TEN-T North Sea–Baltic Corridor.
Mr László BARANYAY, EIB Vice President, and Mrs. Malgorzata Kuczewska-Laska, Member of PLK Management Board.
The European Investment Bank (EIB) has provided funding for a €250 million upgrade of Poland’s railway infrastructure along the TEN-T North Sea–Baltic Corridor.
Mr László BARANYAY, EIB Vice President, and Mrs. Malgorzata Kuczewska-Laska, Member of PLK Management Board.
The European Investment Bank has announced it will be lending €250 million to PKP Polskie Linie Kolejowe S.A. to support the modernisation of the 171 km section of railway line between Warsaw and Lublin and refurbishment of the Łuków–Lublin freight bypass along a 51 km stretch both for passenger and freight rail traffic.
EIB funded infrastructure upgrade will reduce freight and long distance travel times
As well as reducing travel times for freight and long distance traffic, the project will benefit commuter traffic in Warsaw and Lublin through the construction of new tracks which will increase capacity and meet rising 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 EIB loan will help to improve Poland’s railways along a strategic Trans-European transport corridor with positive consequences for the environment, transport safety, capacity and speed”
EIB Vice-President László Baranyay, responsible for the Bank’s operations in Central European countries, commented: “The EIB loan will help to improve Poland’s railways along a strategic Trans-European transport corridor with positive consequences for the environment, transport safety, capacity and speed. This will help to improve the quality of life of passengers, particularly people commuting to work in Warsaw and Lublin, as well as modernising the transport links needed to help further Poland’s economic development.”