PKP PLK to spend PLN 8 bln this year

State-controlled PKP PLK is planning to launch tenders valued at PLN 11 billion in total. This year's investment budget amounts to PLN 8 billion, the railway company informed the Polish Press Agency. Until 2023, the company will commit PLN 50 billion for investment projects. Out of PLN 8 billion, PLN 6 billion will come from the 2007-2013 EU budget, the rest PLN 2 billion will be committed from the firm's budget. PKP PLK, included in PKP Group, is responsible for the maintenance of rail tracks, conducting trains across the country, scheduling train timetables and management of railway land.