Rail Polska gets ready to acquire two more companies

Rail Polska (RP), a private rail carrier which competes with PKP Cargo, is preparing to buy two transport companies, said RP deputy president Janusz Wellman. Since last year, the entity bought two other companies, Kolex from Oświęcim and Wrocław based Zec-Trans. By the end of 2005 RP aims to control 10% of the rail cargo market, and Wellman is confident he will meet this target. "Our development is based on a rapidity developing fleet. Every week we buy approximately 10 wagons," said Wellman. At the moment the company has 12 locomotives and over 200 wagons. He believes that by the end of the next year Rail Polska will catch up with the four largest private national carriers. Wellman does not exclude the possibility of gaining an investment fund as a partner in the future. So far all investments are financed from the company's own equity and loans. (Puls Biznesu, p. 7) A.F.