Poland to spend nearly 5bn on railway infrastructure by 2019
October 16, 2013
The Polish government will spend PLN 979 million on railway infrastructure in 2014 and PLN 692 million in 2015 from the state railway fund, the government's press center CIR said in a statement citing a resolution adopted by the government on Tuesday.
In the following years, Poland plans to spend 646.8 million in 2016, PLN 714.4 million in 2017, PLN 775.7 million in 2018, and PLN 804.3 million in 2019 from the railway fund, the statement read, calling the numbers "cautious estimates."
The Railway Fund is financed from the fee on fuels and natural gas.
According to state bank BGK estimates, the revenues from the fee directed to the rail fund will amount to PLN 996 million in 2014, PLN 1.015 billion in 2015, PLN 940 million in 2016, PLN 965 million in 2017, PLN 985 million in 2018, and PLN 1.01 billion in 2015, CIR said.
Among tasks to be realized from the railway fund, the government enumerated modernization, construction, overhaul and maintenance of railroads managed by national rail operator PKP PLK, and regional operator PKP SKM in the Gdansk-Gdynia-Sopot area on the Baltic coast as well as purchase modernization and maintenance of rolling stock by local governments, the statement shows.