Private enterprises may partner PKP in rolling-stock refurbishment plan

The railway company is also considering the issue of bonds, which could improve its attractiveness prior to privatization scheduled for 2007. "Most likely management of PKP will choose a privatization advisor for us," said Jacek Prześluga, president of Intercity. An advisory consortium will help acquire a sector investor. Currently the firm is putting maximum effort in boosting revenues and improving its results by introducing new services and giving up unprofitable connections. "We estimate that we lose zł.70 million on international connections annually," said Prześluga. The company might soon lease under-utilized rolling-stock to other companies, which could be added on regular trains. Management of Intercity admitted that among the companies interested in the scheme are banks, mobile phone operators, media companies, a brewery and a private clinic. (Parkiet, p. 8) M.M.