Project description
and objectives:
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Financing part of severance payments under the PKP Labour Restructuring Programme, which forms part of the overall PKP Commercialisation, Restructuring and Privatisation Programme. The project is designed to improve the productivity and competitiveness of Polish rail transport services by funding labour severance payments in accordance with the railway restructuring programme.
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Transition
impact:
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Commercialisation and market expansion
The project supports:
- improvements in labour productivity, with a high rate of return and early payback period;
- and a radical transition programme, which will result in the creation of at least three independent railway companies, in which private participation will be sought. The introduction of third-party access, to be planned with technical co-operation (TC) funds, will create a competitive environment and allow other train operators to enter the market.
Frameworks for markets
The proposed project and associated TC operation will assist PKP management in the preparation of a privatisation strategy for a sector traditionally dominated by state ownership.
Market-based conduct, skills and innovation
Impact includes:
- transfer of managerial skills for supervising the implementation of sectoral restructuring; and
- a strong "demonstration effect" on how to commercialise large railway organisations in central Europe, which may be transferable to other countries.
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The client:
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Polskie Koleje Panstwowe SA (PKP) – Polish National Railways Holding Company.
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EBRD
finance:
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Loan of €100 million.
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Total project cost:
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€220 million.
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Environmental impact:
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There is no environmental impact related to the project.
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Technical
cooperation:
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TC funding will be used for consultancy services to assist PKP management in its preparation of the privatisation strategy.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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EBRD contact:
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Grzegorz Gajda, Operation Leader: gajdag@ebrd.com
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Procurement or tendering
opportunities:
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Visit EBRD Procurement
Enquiries: Tel: +44 20 7338 6794; Fax: +44 20 7338 7472, Email: procurement@ebrd.com
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General
enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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