EIB extends 2 billion pln loan to PKP Intercity for new trains.

PKP Intercity will receive a PLN 2 billion loan from the European Investment Bank. The money will be allocated to the purchase of new rolling stock and the modernization of existing units. This is the first part of a wider EIB loan obligation for this carrier, amounting to PLN 4.5 billion.

The loan agreement for the amount of PLN 2 billion (approx. EUR 434 million) was signed on Friday in Warsaw. The largest long-distance rail carrier will use these funds to finance the rolling stock modernization program. The project covers the purchase of 108 electric locomotives, 300 passenger coaches, 38 push-pull double-decker coaches and the modernization of 14 electric multiple units and 288 passenger coaches belonging to PKP Intercity.

The company announces an increase in the frequency, safety and attractiveness of long-distance train journeys throughout the country, as well as improved accessibility for people with reduced mobility.

The signed loan is the first part of a wider loan obligation in the amount of PLN 4.5 billion (nearly EUR 1 billion), approved by the EIB Board of Directors for PKP Intercity. This commitment represents the largest single EIB loan ever approved for the rail sector in Poland.

“Sustainable transport is part of the solution to the climate crisis. Trains are an important asset for achieving a more climate-friendly lifestyle without sacrificing comfort. Better trains improve mobility and comfort, create connections, and at the same time help green our economies by shifting traffic from road to rail. This project complements many infrastructure investments supported by the EIB in previous years, which include the modernization of the railway network and the modernization of the rolling stock of large operators such as PKP Intercity” – commented Teresa Czerwińska, EIB Vice President.

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