Finance Private equity
15:15 6 August 2024
Post by: WBJ

PKP PLK must transfer PLN 500 mln to other projects under the KPO

PKP PLK must transfer PLN 500 mln to other projects under the KPO
Source: Pexels

PKP PLK must allocate PLN 500 million from inefficient projects to other tasks or new projects, as directed by the Ministry of Infrastructure. The total funding from the National Recovery Plan (KPO) for railways is over PLN 18 billion. The company has begun actions to quickly utilize these funds and plans to announce related proceedings in Q4 2024.

The reallocation aims to avoid unnecessary costs and improve the railway network's development, withdrawing from inefficient projects such as certain modernizations and installations.

(PAP Business)


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