Rail partners

The railway company is also considering the issue of bonds, which could improve its attractiveness prior to privatization, which is scheduled for 2007. "Most likely the 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 its efforts into 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. Intercity admitted that among the companies interested in the scheme are banks, mobile-phone operators, media companies, a brewery and a private clinic.