PKP Cargo putting final touches to zł. 400 million locomotives deal

On Tuesday PKP Cargo, the largest national rail cargo company and Bombardier, a locomotives producer, will begin negotiations concerning the most important clauses of the contract to deliver locomotives to PKP. According to Cargo representatives, reaching agreement on the details of the purchase is more important than the issue of sources of finance. "We have prepared procedures which will allow to choose a financial institution for the zł. 400 million contract," said Stanisław Cichoń, PKP Cargo management board member in charge of financial issues. The company is already conducting preliminary talks with banks, but binding offers can be placed after accepting the procedure. PKP Cargo intends to purchase 25 locomotives. In October, Mirosław Szeleziński, head of Bombardier in Poland, hoped that the contract could be signed by the end of the year. The company has stressed it would sign a deal with PKP if Cargo presented sources of financing. (Puls Biznesu, p. 13) M.M.