PKP Cargo to file for €40 mln loan from EIB

Railway freight company PKP Cargo has applied for a €40 million loan from the European Investment Bank to finance the purchase of Siemens locomotives. The total value of the investment is estimated at €80 million. "We need multisystem locomotives to transport commodities across borders, not in political terms, but rather in terms of countries with different power supply systems, so that we can transport goods, for instance, from Poland to Italy, through the Czech Republic and Austria," said Jacek Neska, board member at PKP Cargo. The investment is seen as part of the company's foreign expansion.