Rail companies lay tracks towards the stock exchange

Several other railway companies are also preparing their IPOs. In Q1 2008 investors will be able to purchase equity in Trakcja Polska and PCC Containers, which is owned by logistics holding PCC Rail. One year later another IPO will be carried out by PKP Intercity, while in 2010 PKP Cargo and PKP Informatyka will enter the floor. "Today, the railway sector has a very high development potential, while we need funds for investments," said Maciej Radziwiłł, head of Trakcja Polska. The sector will soon receive a substantial cash boost and the main driver of change will be the railway grid operator PKP PLK, which is likely to eventually spend over zł.20 billion on modernizing infrastructure. The railway transport companies, both state-owned and private, will also invest heavily and PKP Intercity plans to designate zł.2.7 billion on modernizing existing rolling stock and purchasing new trains and engines. (Parkiet, p. 6; Puls Biznesu, pp. 1, 4-5) M.M.