05/07/2013 (Agence Europe) - EIB loan for updating Polish railways. On 3 July, the European Investment Bank (EIB) announced that it is lending €40 million to PKP Polskie Linie Kolejowe S.A. (PLK) for the upgrading of rail track and the signalling system in East Poland. Thanks to the EIB loan, track and platforms at three railway stations between Warsaw and the Belorussian border (Siedlce, Lukow and Miedzyrzec Podlaski) will be modernised. Furthermore, the signalling system on 78 km of double-track mainline in the section between Siedlce and Biala Podlaska will be improved. Modernisation works are due to begin in 2013 and will continue until the end of 2015. The EIB says the project will result in infrastructure maintenance savings and the reduction of vehicle operating costs and journey times. (OL/transl.fl)