Government considers change in the law in order to extend PKP credit

The government is considering a change in the law in order to allow further credit to be extended to loss-making national rail carrier PKP. "In view of the fact that PKP has practically no possibility of issuing bonds, and the carrier urgently needs financial resources, we are presenting a proposal to change the act concerning the financial restructuring of PKP. The correction increases the amount of available credit by zl.1.1 billion, to a total sum of zl.3.4 billion," explained Zdzislaw Denysiuk, a member of the government's transport and communications committee. According to the latest information, PKP recorded a net loss of zl.703 million in the first five months of 2001, at the same time as increasing its debts to zl.7.52 billion. (Puls Biznesu, p. 4) A.K.