Wasko, Pozbud and Herkules in consortium ink PLN 2.8 bln deal with PKP PLK

A consortium of WSE-listed companies Wasko, Herkules, and Pozbud along with Nokia Solutions and Networks signed a PLN 2.79 billion gross deal with rail infrastructure operator PKP PLK to build the ERTMS/GSM-R system for its railways. “Thanks to agreements signed today, we are making up for many years of arrears in the application of modern systems aimed to increase railway safety. Agreements regarding GSM-R are a breakthrough on Polish railways and entry to a higher technological level. Our goal is a safe, comfortable and punctual railway. Today's event brings us closer to this ambitious goal,” Infrastructure Minister Andrzej Adamczyk said. Pozbud and Wasko secured 31.77 percent and ca. 22 percent of the deal's worth respectively, Herkules compensation was estimated at PLN 300 million.