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The Warsaw Voice » Business » June 30, 2011
Business & Economy
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Expensive Train Tracks
June 30, 2011   
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Poland will spend zl.21.5 billion on new rail tracks in 2011-2013 and will subsequently need another zl.8.8 billion to complete the upgrade. Under the government’s Long-Term Program for Railroad Projects Until 2013, forwarded to ministries for consultation, such sums should be sufficient to repair over 1,900 kilometers of train tracks.

The projects will be paid for with EU funds, the national budget and loans from the European Investment Bank (EIB). So far, the bank has transferred 700 million euros to Poland. The Finance Ministry has approved a new loan of 1 billion euros, which will be secured by the Treasury. In December this year, the first installment of 100 million euros will go to the PKP Polskie Linie Kolejowe (Polish Railways) company, which is in charge of track modernization.
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