Metro Warszawskie to purchase 45 trains thanks to PLN 654 mln EIB loan
19:21
Metro Warszawskie (Warsaw Subway) will buy up to 45 new trains. Stable investment financing will be provided by a preferential loan from the European Investment Bank (EIB) in the amount of up to PLN 654 million, which constitutes up to 50 percent of the cost of this project.
“The need to obtain an external source of financing for the purchase of trains carried out by the subway has encouraged us to continue cooperation with the European Investment Bank. The very good cooperation so far as well as the stability of European institutions guarantee that this investment will be carried out on favorable conditions for Warsaw,” Mayor Rafał Trzaskowski, said.
This is the second contract that Metro Warszawskie has signed with the EIB. The financial institution has so far granted preferential loans to municipal companies for a total amount of PLN 3.02 billion, including Metro Warszawskie for nearly PLN 534 million.
The funds from the loan will be used to secure financing for the purchase of up to 45 new trains for the Warsaw metro. The contract for their purchase was signed on January 30 this year from the consortium of Skoda Transportation and Skoda Vagonka. The Contractor will receive PLN 1.3 billion for its services.
(ISBnews)
