PKP PLK with PLN 5.5 bln CAPEX in '17

Poland's state-owned railway infrastructure operator PKP PLK will spend PLN 5.5 billion on railway investments in 2017, up from PLN 4.1 bln in 2016, company's CEO Ireneusz Merchel said. “2016 was a year of reviewing the projects and launching tenders. We want 2017 to be the year of concluding tenders, signing deals and selecting contractors: these are our priorities,” Merchel said. PKP PLK announced 42 tenders worth PLN 753 mln since the beginning of the year, with PLN 750 million worth of deals already signed this year. Last year, Merchel expected PKP PLK's investment 2017 spending to reach PLN 5.7 billion and increase to PLN 10 billion in 2018.