PKP Intercity to raise prices between 3-30%

The average increase is 3% but the fares on weekend trips - the company's most popular service - will rise by up to 30% on some routes. PKP Intercity is planning to spend zł.2.7 billion by 2011 on new stock and services. To fund the program, the company wants to raise zł.400-500 million from a stock market listing, zł.700 million from EU funds and zł.200 million from a bond issue. The rest will come from own funds. PKP Intercity is the only profit-making division  of PKP, the state rail operator. Revenues are expected to come in at zł.1.2 billion in 2008, up from zł.1 billion in 2007. (Rzeczpospolita, p. B3) R.M.