EIB lends €250 mln to PKP
12:46
The European Investment Bank (EIB) will lend EUR 250 million to PKP Polskie Linie Kolejowe to finance improvements to the railways along the strategic TEN-T North Sea–Baltic Corridor linking the Baltic Sea with the Ukraine border, the bank said.
The EIB funds will support the modernisation of the 171 km section of the railway line between Warsaw and Lublin and the renovation of the Łuków–Lublin freight bypass along a 51 km stretch, both for passenger and freight rail traffic.
Besides reducing the travel times for freight and long-distance traffic, the project will have a significant positive impact on commuter traffic in Warsaw and Lublin through the construction of new tracks where increased transport capacity is needed to meet rising traffic demand. The upgraded railway connections will provide a smoother transport flow by enabling a higher maximum transport speed and improving passenger safety through the implementation of updated security systems, the bank also said.
