Polish railway construction market to hit over PLN5bn this year - PMR
February 24, 2014
The value of Poland’s railway construction market is expected to rise by one-third in 2014 and reach PLN 5.1billion (EUR1.2bn), PMR market research has reported.
The railway sector will receive more than EUR 10 billion from the new EU financial 2014-2020 perspective. The development of new railway lines, whose value is put at PLN 15 billion (EUR 3.6bn), will acquire significance as a major component of the planned projects, PMR writes.
“Given that the expected acceleration in capital spending in the railway sector finally did not materialize in the past years, the growth of the railway construction sector is expected to accelerate significantly in 2014”, according to the report “Railway construction in Poland 2014 – Development forecasts for 2014-2019” written by PMR.
As a result, the value of the construction output generated by railway projects is anticipated to top the PLN 5billion (EUR1.2 billion) mark for the first time on record. The market’s output will continue at a high level also throughout 2015 on the back of numerous completions of projects co-financed from the previous EU financial perspective.
The Polish railway sector expects to see more than EUR10 billion worth of funds in co-funding provided by the EU under the 2014-2020 EU budget. A large portion of this amount will be spent on minimally-invasive renewal projects, but the governmental list of investment projects also contains schemes involving the construction of new lines and connecting tracks, which are more complex as they require significant funds and time to implement.
On Friday Puls Biznesu daily cited deputy Regional Development and Infrastructure Minister Adam Zdzieblo saying that Polish state railways plan to run PLN 58.6 billion worth of investments in the new 2014-2020 perspective. The railway company has a ready plan, which assumes modernization of railway tracks and train stations as well as purchase of new trains, Zdziebło said.