EIB increases support for high-speed trains

The European Investment Bank (EIB) is increasing its loan for Poland’s PKP Intercity’s Pendolino trains from US$288 million to US$440 million. The project consists of the purchase of twenty modern high-speed trains and the construction of an associated maintenance depot in Warsaw. With the increase of financing, the bank aims to ensure smooth project implementation by completing the financing plan. The high-speed passenger connections will be available between Gdynia, Warsaw and Krakow/Katowice, part of a T
May 16, 2013 Read time: 2 mins
The 4270 European Investment Bank (EIB) is increasing its loan for Poland’s PKP Intercity’s Pendolino trains from US$288 million to US$440 million. The project consists of the purchase of twenty modern high-speed trains and the construction of an associated maintenance depot in Warsaw. With the increase of financing, the bank aims to ensure smooth project implementation by completing the financing plan.

The high-speed passenger connections will be available between Gdynia, Warsaw and Krakow/Katowice, part of a Trans-European Transport Networks project connecting Gdansk, Warsaw, Brno/Bratislava and Vienna. Further high-speed train services are now also expected to be provided to Gliwice via Katowice, to Wroclaw via Opole and to Rzeszow via Tarnow. Services with the new trains may start in December 2014.

With the EIB strongly encouraging a shift from cars towards rail transport, the new trains will provide time savings and assure high levels of passenger safety and comfort. The related depot has been built on an existing railway site close to Warszawa Grochow and will cater for the maintenance and servicing of new trains.

The modern technology trains co-financed by the EIB will replace obsolete equipment and comply with applicable European standards for passenger safety, noise emissions and access for persons with reduced mobility.

For more information on companies in this article

Related Content

  • The case for tolling the Interstates
    April 20, 2012
    Speaking at an event organised by the IBTTA last week to an audience of federal and state transportation officials, policy experts, financial analysts, and representatives from engineering firms, technology companies, and transportation facility operators, Ed Regan of Wilbur Smith Associates articulated a clear case for giving states flexibility to toll existing interstate highways.
    Read More
  • World Bank to support integrated transport project in China
    March 2, 2016
    The World Bank’s Board of Executive Directors approved a loan of US$120 million to China to support the integrated transport development in the Wuhan Metropolitan Region. Located in Hubei Province in central China, the Wuhan Metropolitan Region is a city cluster formed by eight smaller cities within a 100-kilometre radius of the core city Wuhan and has been selected as a pilot in China’s search for a new urban development model attuned to the national goals of promoting equity and environmental sustainab
    Read More
  • Speed enforcement orders for Sensys
    February 6, 2014
    Sensys Traffic has received orders worth US$13 million from the Swedish Transport Administration as part of its three-year contract with the authority. The orders are for equipment to be used in the Swedish automatic traffic control (ATC) system, indicating that the Swedish Transport Administration intends to expand the system. The orders include monitoring systems, roadside cabinets and spare parts for speed enforcement. Almost two-thirds of the order is for replacement of existing ATC systems, while
    Read More
  • Thales to deploy ETCS Level 2 on Turkey's first high-speed rail line
    March 14, 2012
    Thales has signed a new US$26.3 million signalling contract with Turkish State Railways (TCDD) to install the ETCS Level 2 system, including automatic train protection and GSM-R communications, for the 250 km double-track Eskisehir-Sincan section of the Ankara-Istanbul high-speed line.
    Read More

Highlighted Content