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EIB loan to support Warsaw-Radom line upgrade

Discussion in 'On Track.' started by News, Sep 23, 2013.

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  1. News

    News Guest

    The European Investment Bank (EIB) has approved a €235 million loan to upgrade a section of track between Warsaw and Radom.

    The investment will see a second electrified line installed along the 92.5 km route and a modernisation of the existing line, including an upgraded power supply and new S&T systems.

    The upgrades will raise the maximum speed for passenger trains along the line to 160 km/h and improve safety on along the route, with around 50 level crossings to be upgraded.

    EIB loans totalling €1.65 billion have already been agreed to improve infrastructure and upgrade train fleets across Poland.

    Projects supported by the funding include a new high-speed line between Istanbul and Ankara and a fleet of 20 new Pendolino trains from Alstom for PKP Intercity.

    PKP Polskie Linie Kolejowe S.A. (PLK) Remigiusz Paszkiewicz said: “The EIB loan is supporting our growing investment programme, which will raise up to PLN 5.5 billion this year and PLN 9 billion in 2014.

    “PLK uses funds from every available source to upgrade the condition of Polish rail tracks and improve the role of railways in the country’s transportation system. Our cooperation with the EIB also emphasises the standing of PLK as a reliable business partner.”

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