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    Reference: 20180170
    Release date: 19 February 2019

    Promoter – Financial Intermediary

    PKP INTERCITY

    Location

    Description

    The project will finance PKP Intercity's investments for the acquisition of locomotives, passenger coaches and Electric Multiple Units (EMUs), as well as the modernisation of rolling stock for passenger connections throughout Poland.

    Objectives

    The project is expected to increase the quality of rail services provided in Poland as well as promote travel by rail, reducing the use of private vehicles and the associated negative impacts on the local environment, road safety and GHG emissions and, thereby, contribute to the sustainable transport in line with EU objectives. The project is largerly located in a convergence zone and by facilitating access promotes regional development.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    PLN 1000 million (EUR 235 million)

    Total cost (Approximate amount)

    PLN 2195 million (EUR 515 million)

    Environmental aspects

    The investments proposed under the project do not fall under either Annex I or Annex II of the Environmental Impact Assessment Directive (EIA) 2011/92/EU as amended by Directive 2014/52/EU as manufacturing and use of rail rolling stock is not included in either list. The need of EIA and/or assessment according to the Habitats Directive for associated facilities (e.g. maintenance workshops or depots) will be analysed during the appraisal. All else equal, the project is expected to have a positive environmental impact by helping the railways to maintain modal share in key sections of the passenger market that are most appropriately met by rail. In addition, the arrangements for the scrapping of the replaced stock will be checked during appraisal.

    Procurement

    The EIB will require PKP to make sure contracts for the implementation of the project have been tendered according to the relevant applicable EU procurement legislation (Directive 2014/25/EU and Directive 92/13/EEC) as interpreted by the EU Court of Justice, to be pubilshed in the EU Official Journal, as and where required.

    Status

    Signed - 12/09/2019

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Poland Transport