PKP SECOND RAILWAY RESTRUCTURING & PRIVATISATION PROJECT

Location:

Poland

Project number:

9366

Business sector:

Transport

Notice type:

Public

Environmental category:

B

Approval date:

15 Jan 2002

Status:

Complete

PSD disclosed:

07 Sep 2001

Project Description

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.

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.
 

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Share this page: