Locked content PKP will receive syndicated credit for PLN 700 mln

Polskie Koleje Państwowe (PKP) signed a credit agreement with three banks for a total of PLN 700 million. Out of the total amount PLN 250 million will be used for investments and the rest PLN 450 million are earmarked for repayment of previously obtained financing, PKP CEO Krzysztof Mamiński said on...

PKP planning logistics scheme in Konin

Polish State Railways (PKP), Konin City Hall and Wielkopolskie Centrum Logistyczne Konin – Stare Miasto (WCL) have signed a letter of intent regarding their planned cooperation on the development of a logistics project in Konin in central Poland. PKP owns an approximately 4.8-hectare plot of land in...

Locked content PKP 2017 net profit to exceed PLN 500 mln – CEO

The consolidated net profit of the state-owned railway group PKP for 2017 will exceed PLN 500 million, company’s CEO Krzysztof Mamiński said. “Based on the expected net results achieved by our companies, the total amount should exceed PLN 500 million, making it the most profitable year in our histor...

Dekada Konin project to be launched in H1 2018

Developer Dekada has announced that construction work on the planned Dekada Konin transport and retail project in Konin in central Poland will launch in the first half of next year. The scheme, which the company will build with two partners – PKP and its subsidiary Xcity Investment – will involve th...

Locked content Newag with PLN 96 mln deal with PKP subsidiary

WSE-listed rolling stock producer Newag, signed a PLN 96.27 million deal with a unit of state railway group PKP to modernize 10 diesel locomotives, the company reported in a market filing. “The modernization will be carried out in accordance with the schedule agreed by the parties, and the entire co...

Locked content Online train tickets still not popular in Poland

In 2016, railway passengers in Poland bought 16 million tickets online or through a mobile app, according to the Rail Transport Office, representing some 5 percent of all tickets sold last year. Most passengers are buying tickets in a more traditional way, 56 percent of them were sold by ticket offi...

Locked content Managerial shake-up in PKP after corruption charges

The whole management board of state-control rail operator PKP has been dismissed after the prosecution charged the company’s CEO and three board members with corruption. Krzysztof Mamiński, has been appointed the new CEO, till now he helmed, one of the PKP subsidiaries, PKP Przewozy Regionalne...

Locked content ZUE wins big PKP contract

PKP Polish Railway Lines chose a bid worth PLN 281 million, which was made by construction company ZUE, as the most favorable in the tender for the first phase of work on railway lines between Łódź Kaliska, Zduńska Wola, and Ostrów Wielkopolski, the company stated in a press release on Friday mornin...

Locked content PKP announces big plans for rail improvements in eastern Poland

PKP Polish Railway Lines (PKP PLK) stated on Wednesday that it will modernize railway lines in southeastern Poland, one of its biggest projects for 2017. The work will focus on electrifying the main line between Lublin and Stalowa Wola, in which a total of PLN 569 million will be invested. The presi...