EIB loan to fund Polish rail projects

    0
    173

    Poland’s rail infrastructure manager, PKP Polskie Linie Kolejowe, has agreed a €250 million loan with the European Investment Bank (EIB) to fund improvements along the TEN-T North Sea–Baltic Corridor.

    The loan will finance a modernisation of the railway between Warsaw and Lublin and an upgrade of the Łuków–Lublin freight bypass.

    The EIB says the projects will reduce travel times for freight and long-distance passenger services, and will increase capacity for commuter services between Warsaw and Lublin.

    EIB vice-president László Baranyay said: “The EIB loan will help to improve Poland’s railways along a strategic Trans-European transport corridor with positive consequences for the environment, transport safety, capacity and speed.

    “This will help to improve the quality of life of passengers, particularly people commuting to work in Warsaw and Lublin, as well as modernising the transport links needed to help further Poland’s economic development.”

     

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here