PKP Cargo spends PN 241 mln on rolling stock

PKP Cargo, the freight transportation unit of Poland’s railway giant PKP, spent PLN 241 million on rolling stock in the first half of 2014, the company said in a statement on Tuesday. A year earlier the figure was PLN 106 million lower. “We are enforcing PKP Cargo with the help of rolling stock investments,” the company’s CEO Adam Purwin was quoted as saying. “Alongside the employment of engine drivers, these investments are a foundation for PKP Cargo’s growth in the coming quarters,” the CEO said. The company said that the investments meant both the purchase of new stock, including container platforms and coal wagons, and the modernization of existing vehicles.