EBRD finances regional expansion of PKP Cargo with €100 loan

Supporting the regional expansion of Poland’s PKP Cargo, the European Bank for Reconstruction and Development (EBRD) is providing the Polish railway freight operator with a €100 million long-term multi-currency loan to finance the acquisition of Advanced World Transport (AWT), a transport and logistics operator acquired by PKP Cargo in May 2015. AWT is based in the Czech Republic and has operations throughout central Europe. The acquisition of AWT will provide PKP Cargo with seamless border crossings with the Czech Republic, better infrastructure and the potential to become a one-stop shop for cross-border intermodal loads. “This acquisition marks a new milestone for PKP Cargo after its successful privatisation. The EBRD’s loan is a sign of our continuing commitment to the company and its plans for future growth. We are very encouraged by the company’s development and stand ready to offer our support," said Grzegorz Zieliński, EBRD Director for Poland.