PKP PLK signed PLN 4.5 bln worth of deals in Q1, plans PLN 14 bln for 2018

Rail infrastructure operator PKP PLK plans to sign PLN 14 billion worth of contracts this year after authorizing PLN 4.5 billion contracts in Q1 alone, company’s CEO Ireneusz Merchel said. “In Q1 2018, PKP PLK announced proceedings for approx. PLN 2.1 billion of the estimated value, which is more or less the same as in the same period in 2017, when the value of tenders announced in the first quarter amounted to PLN 2.3 billion. Currently, the implementation of the National Railway Program (KPK) is over 50 percent,” he added. KPK aims to upgrade Poland's railway infrastructure by 2023 for estimated PLN 66 billion total.