Search En menu ClientConnect
Search
Results
Top 5 search results See all results Advanced search
Top searches
Most visited pages
    Reference: 20210178
    Release date: 16 June 2021

    Promoter – Financial Intermediary

    PKP INTERCITY

    Location

    Description

    The project consists of the acquisition of new electric locomotives and passenger coaches, as well as modernisation of electric multiple units and coaches. The trainsets will be used to provide long distance services throughout Poland and in neighbouring countries, mainly under a Public Service Contract.

    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 greenhouse gas (GHG) emissions and, thereby, contribute to sustainable transport in line with EU objectives. The project is largely located in a convergence zone and, by facilitating access, promotes regional development.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    PLN 4500 million (EUR 983 million)

    Total cost (Approximate amount)

    PLN 10235 million (EUR 2236 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 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 for an environmental impact assessment (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 Bank will require the Promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the relevant applicable EU procurement legislation, Directive 2014/25/EU as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the Official Journal of the EU, as and where required.

    Status

    Approved - 13/10/2021

    Disclaimer

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

    Related tags

    Poland Transport