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Polish rail carrier to invest billions in modernisation drive

PR dla Zagranicy
Grzegorz Siwicki 20.12.2017 12:36
Polish state-owned rail carrier PKP Intercity has announced plans to spend over PLN 7 billion (EUR 1.67 bn, USD 1.98 bn) to modernise its rolling stock and buy new trains and engines by 2023.
Photo: Mateuszgdynia [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia CommonsPhoto: Mateuszgdynia [CC BY-SA 4.0 (https://creativecommons.org/licenses/by-sa/4.0)], via Wikimedia Commons

Some of the new trains that the company plans to buy will be able to travel at speeds of over 200 kph, CEO Marek Chraniuk told a news conference on Tuesday.

PKP Intercity plans to modernise more than 700 train cars and buy 185 new ones by 2023, Chraniuk said.

He called the spending plan the “greatest investment plan” ever for PKP Intercity, which is the long-distance passenger travel arm of Poland's state-owned railway company PKP.

PKP Intercity expects to transport more than 40 million passengers this year and close 2017 with a profit of PLN 270 million, according to Chraniuk.

Last year, the company transported 38.5 million passengers and posted a profit of PLN 48 million, according to Poland’s PAP news agency.


Source: PAP

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