Brussels, 26/10/2012 (Agence Europe) - On Wednesday 24 October, the European Investment Bank (EIB) granted two loans amounting to €165 million to the Polish Railway Company PKP.
The loan of €100 million will finance the modernisation of 58 km of twin track line between Warszawa Zachodnia and Miedniewice to increase speed to 160 km/h, and for the installation of signalling equipment on a 42 km section of the already improved line between Miedniewice and Lodz Widzew. The upgrading of the line between Miedniewice and Lodz Widzew to the speed of 160 km/h was already accomplished in 2008.
The loan of €65 million will contribute to the upgrading of a 32 km-long section of the twin track railway line from Poznan to Czempin in the south-west of Poland, which is part of the E59 European Rail Corridor connecting Malmo in Sweden with Ostrava in the Czech Republic through Poland via Szczecin, Poznan, Wroclaw and Chalupki. The modernised line will make it possible to use trains operating at a maximum speed of 160 km/h. This section forms the second part of the planned modernisation of the 164 km of the E59 between Wroclaw and Poznan, which is expected to be completed by 2016. (OL/transl.jl)