PKP chooses Torpol for latest project worth PLN 149 million

Poland's railroad operator PKP PLK has awarded a tender worth PLN 149 million to railroad and tram producer Torpol for revitalization of the Szczecinek–Runowo Pomorskie railway line, the company said in a press statement on Friday. “The terms of construction indicated in the submitted offer was set at 26 months from the commencement date, that is the date of the conclusion of the contract, while the warranty period has been set at 72 months,” the statement read. PKP indicated that, of the several companies competing for the work, Torpol most successfully met the selection criteria, which is heavily weighted to favour total gross price. Last week, the Poznań-based company won the bid to reconstruct the E59 rail line between Leszno and Czempiń, a contract it also obtained after offering the lowest construction price among five bidders. The time period in which the work can be completed also factored into the decision, PKP said. Torpol has been listed on the main market of the Warsaw Stock Exchange since July of 2014, where its share prices were listed at PLN 13.20 on Friday (up PLN 1.00 on the week). In 2015, it had consolidated sales revenues of PLN 1.24 billion.