New regulation enables PKP SA to sell off its real estate
A new regulation issued by the Cabinet will make it easier for the Polish
State Railways (PKP SA) to prove its rights to state-owned land, clearing
the way for the ailing railway giant to get rid of unneeded real estate.
PKP SA uses a total of 107,898 hectares of state land, 30% of it without
actually possessing perpetual usufructuary rights. Lack of the rights has
made it difficult for the company to sell off this land. Every time it
wanted to do so, it had to file a special motion with the government.
Under the newly issued regulation, however, PKP SA will only need one
document to confirm its rights to the land. In case of lack of such a
document, it will be possible to determine rights based on witnesses'
statements. (Rzeczpospolita, p.B2) T.J.