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.
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Email: procurement@ebrd.com
General enquiries
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Public Information Policy (PIP)
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Text of the PIP
