PKP Intercity will invest PLN 1.8 bln in rolling stock

PKP Intercity will invest PLN 1.8 billion in rolling stock, PLN 1.4 bln of which will be earmarked for the modernization of around 60 locomotives and 400 railway wagons and PLN 400 million will be spent on nine new technical facilities. "PKP SA, as its owner, will transfer PLN 1 billion to PKP Intercity. It will allow the carrier to reach a higher level. Along with the EU money and its own funds, the company will have PLN 1.8 billion for investments," said Piotr Ciżkowicz, a member of the board, at a press conference. The upgraded locomotives are expected to travel at a maximum speed of 160 km/h.