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    Signature(s)

    Amount
    € 200,000,000
    Countries
    Sector(s)
    Poland : € 200,000,000
    Transport : € 200,000,000
    Signature date(s)
    7/05/2020 : € 60,000,000
    16/06/2021 : € 60,000,000
    26/09/2023 : € 80,000,000

    Summary sheet

    Release date
    16 July 2020
    Status
    Reference
    Signed | 07/05/2020
    20170973
    Project name
    Promoter - financial intermediary
    CARGO ROLLING STOCK MODERNISATION
    PKP CARGO SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 200 million
    EUR 412 million
    Location
    Sector(s)
    Description
    Objectives

    PKP Cargo, the state-owned Polish railway cargo operator, is buying 1000 new wagons and locomotives and carrying out an acoustic modernisation of the existing fleet.

    The project will increase the quality of the freight transport services provided by the Promoter, and will thereby promote sustainable transport solutions in line with EU objectives. Furthermore, the rolling stock will provide services predominantly to a Convergence Region, and thereby facilitate regional development. The project is therefore eligible under Article 309 point (a) projects for developing less-developed regions and point (c) common interest. The project is consistent with the EIB's transport lending policy (2011).

    Environmental aspects
    Procurement

    The investments proposed under the project do not fall under either Annex I or Annex II of the Environmental Impact Assessment Directive 2014/52/EU amending Directive 2011/92/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 cargo market that are most appropriately met by rail. EIB assessment of arrangements for the scrapping of dismissed rolling stock will be undertaken as a part of the due diligence process.

    The Promoter is a public undertaking operating in the transport sector but is not subject to the EU Procurement Directives for the following reasons: (i) it is not an entity created for the special purpose of satisfying general needs, rather it pursues objectives of an industrial or commercial nature; (ii) its activities are not subsidised by bodies governed by public law; (iii) its activities do not relate to the provision or operation of networks providing a service to the public; and (iv) it operates in a liberalised market.

    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).

    Documents

    Environmental and Social Data Sheet (ESDS) - CARGO ROLLING STOCK MODERNISATION
    Publication Date
    21 Jul 2020
    Document language
    Main Topic
    Lending
    Document Number
    122848376
    Document Focus
    Environmental Information
    Project Number
    20170973
    Sector(s)
    Regions
    Countries
    Publicly available
    Download now

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