Regional railways firm to get huge capital injection

Przewozy Regionalne, a regional passenger railway firm co-owned by Poland’s voivodships, will receive a capital injection of up to PLN 750 million, reports Puls Biznesu. Such a plan was devised by consultancy EY. The money will either come from Polskie Inwestycje Rozwojowe (PIR) as part of the Polish Investments program, or from a capital increase financed by the Industrial Development Agency (ARP). The chosen investor would get up to 50 percent in the railway firm. Another option presented to voivodships governments was to divide the indebted company between them. This has been suggested several times before, but the authorities were unable to settle the details. Przewozy Regionalne has very high liabilities. It needs at least PLN 600 million just to pay off the most urgent of them.