EIB supports Kraków and Silesian urban transportation

The European Investment Bank (EIB) has provided two loans totaling over PLN 320 million for the purchase of modern and energy-efficient low-floor trams for Kraków and the Upper Silesia Agglomeration, a press release read. The Kraków Municipal Transport Company received a loan of PLN 92 million for the purchase of 36 low-floor trams. The modern trams will be some 43 m long, with a capacity of approximately 300 passengers. An EIB loan of PLN 231 million will be used to purchase 42 low-floor trams and to modernize 95 trams which have been serving the Silesian cities for many years. Funds provided by the EIB will also finance the reconstruction of the traction system and modernization of almost 63 km of tracks.  The borrower for this project is Bank Pekao S.A. which, thanks to the EIB loan, was able to offer more attractive financing terms to the Silesian Tram Company, Tramwaje Śląskie, which will implement the project. The new trams for Kraków and Silesia will be manufactured by PESA Bydgoszcz.