Project description
and objectives:
|
The proposed project involves supporting the government reforms of the Polish railway industry by upgrading the railway infrastructure and restructuring financial liabilities.
The financial restructuring loan, as provided for under Article 32 of the Railway Restructuring Law, is intended to provide working capital to clear inherited liabilities of the newly formed subsidiaries and prepare for their independent commercial operation, and in some cases privatisation.
|
Transition
impact:
|
The project supports the implementation of the financial restructuring of the railway industry with a view to assist the PKP management and the Polish Government in the expansion of private sector participation in the sector.
Poland will provide one of the first examples of a major railway in central Europe creating and privatising multiple subsidiaries and this experience may be replicated in other countries.
|
The client:
|
Polskie Koleje Panstwowe SA (PKP) – Polish National Railways SA Holding Company.
|
EBRD
finance:
|
€130 million for financial restructuring.
|
Total project cost:
|
€130 million.
|
Environmental impact:
|
C/0 screened operation. There are no environmental issues associated with the financial restructuring.
|
Technical
cooperation:
|
Consultancy services to assist PKP management in preparation of the privatisation strategy were initiated in 2000 and are proceeding.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
|
EBRD contact:
|
Grzegorz Gajda, Operation Leader: gajdag@ebrd.com
|
Procurement or tendering
opportunities:
|
Visit EBRD Procurement
Enquiries: Tel: +44 20 7338 6794; Fax: +44 20 7338 7472, Email: procurement@ebrd.com
|
General
enquiries:
|
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
|
