PKP Intercity invests EUR 1.7 billion in rolling stock

Polish rail passenger transport operator, PKP Intercity, announced it would invest PLN 7 billion (EUR 1.7 billion) for the modernisation of the existing rolling stock, but also for the procurement of new coaches and locomotives. The investment programme will be carried out by 2023.

“Some of the new trains to be procured will be capable to run at speeds of up to 200 km/h. By 2023, PKP Intercity plans to upgrade over 700 coaches and to buy 185 new coaches”, said Marek Chraniuk, CEO of PKP Intercity.

Financing will come from PKP InterCity’s own sources, PKP Group sources, funds from the international financial institutions, as well as EU non-reimbursable funds worth PLN 790 million (EUR 190 million).

This is the most comprehensive programme carried out by the Polish operator for the modernisation of its rolling stock fleet. According to the declarations of Chraniuk, PKP Intercity concluded 2017 with a PLN 270 million (EUR 65 million) profit.

We recall that at the end of December 2017, PKP Intercity launched a tender for the acquisition of 12 electric multiple-units, capable to run at speeds of 160 km/h. Each electric multiple-unit will have to have the capacity to carry 294 passengers in standard coaches and 60 passengers in business-class coaches. Also, PKP Intercity asked that the first two trains of the order to be delivered by the winner in 18 months after signing the contract.

PKP Intercity is a long-distance rail operator, part of the state-owned group PKP.

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