PKP under threat of legal action as locomotive payment talks continue
Polish State Railways (PKP) is continuing to hold talks in an attempt to
resolve a dispute over its failure to pay for 42 locomotives manufactured by
ADtranz Pawafag Wroclaw. PKP is under threat of legal action from Bombardier
of Canada, the current owner of ADtranz, and the previous owner,
Daimler-Chrysler. PKP has failed to come up with the estimated zl.630
million to zl.672 million payment for the locomotives, although it has
offered several guarantees to BRE Bank to finance the purchase. At the
beginning of July Bombardier announced a July 30 deadline for presenting
offers to finance the purchase, and threatened legal action against PKP in
the event of a further payment delay. PKP may be sued by both Bombardier and
Daimler-Chrysler. The two companies would seek not only payment of the value
of the contract, but also the annulment of the purchase contract, as well as
compensation. (Puls Biznesu, p. 6) K.K.
