PKP restructuring & privitisation project



Project number:


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Approval date:

25 Jan 2000



PSD disclosed:

22 Nov 1999

Project Description

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.

Transition Impact

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.

The Client

Polskie Koleje Panstwowe SA (PKP) – Polish National Railways Holding Company.

EBRD Finance

Loan of €100 million.

Project Cost

€220 million.

Environmental Impact

There is no environmental impact related to the project.

Technical Cooperation

TC funding will be used for consultancy services to assist PKP management in its preparation of the privatisation strategy.


Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168

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