PKP's real estate sale will bring PLN 1 billion in H1 2015

Polish Railways PKP informed, that the revenue from the sale of its real estate will reach PLN 1 billion by the end of H1 2015. “We aimed to sell the real estate for PLN 1 billion in 2012-2015, and we will reach the target by the end of H1 2015. There is a possibility, that PKP will receive more from the sale in 2015 than in 2014,” Piotr Ciżkowicz, member of the board, said. In 2012, the revenue stood at PLN 137 million, the next year the sum amounted to PLN 203 million, while in 2014, it totaled PLN 363 million. Ciżkowicz informed that PKP has a portfolio of properties to be sold within the next five years. He also informed that the company earmarked as much as PLN 350 million for the modernization of train stations.