PKP Intercity has signed a credit agreement with Bank Gospodarstwa Krajowego and PKO Bank Polski to finance the purchase of 42 double-decker electric trains to be delivered by Alstom, as well as other major investment projects, including the purchase and modernization of rolling stock and investments in infrastructure.
The total value of the loan is up to PLN 3 billion (EUR 712.5 million) and was signed on very favorable terms, with a 15-year financing term and a long period of availability of funds. The loan represents stable and predictable support, enabling the consistent implementation of PKP Intercity’s ambitious investment program.
“The financing obtained through this loan agreement will enable the company’s continued development, which will strengthen our market position. It is important to note that both BGK and PKO BP are reliable partners with whom we have been cooperating for many years, especially through bilateral agreements,” said Joanna Siecińska, member of the PKP Intercity Management Board.
In November 2025, Alstom and PKP Intercity signed a EUR 1.6 billion contract for the delivery of 42 Coradia Max double-decker electric trains, with an option for an additional order of 30 such trains. Under the contract, Alstom will provide maintenance for the new trains for a period of 30 years.
This credit agreement represents an important step in the implementation of PKP Intercity’s development strategy. The Polish operator is currently implementing one of the most extensive investment programs in its history. Total investments of EUR 4.8 billion (PLN 20.3 billion) are planned for the period 2025–2030, of which EUR 4 billion (PLN 16.9 billion) will be allocated to the purchase and modernization of rolling stock, and EUR 807.5 million (PLN 3.4 billion) for the expansion and modernization of infrastructure and technical facilities.
The investments are made from own resources, funds obtained through financial commitments, and support from European funds. “Diversifying the financing structure allows for optimal capital raising, effective risk management, and consistent achievement of long-term goals,” Joanna Siecińska added.
Share on:
