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

  • Inland waterways can de-stress city roads
    March 17, 2016
    David Crawford looks at an under-utilised solution for city-centre deliveries. The use of rivers and canals for moving freight is a well-established mode in North Western Europe, where it can take advantage of an intensively developed network. In the Netherlands, 40% of the total volume of goods transported internally goes by water; the figure for Flanders (the neighbouring Dutch-speaking region of Belgium) is 11.5%.
    Read More
  • Will interoperability prevent progress?
    January 10, 2014
    David Crawford examines the political and industrial background to the tolling technology debate. Saving the US State of California ‘millions of dollars’ in tolling infrastructure costs by encouraging new technologies is the professed aim of a legislative Bill, SB 242, which is currently moving through the State’s Senate (upper house) process. According to its sponsor, Republican State Senator Mark Wyland, permitting alternatives to the current FasTrak-branded radio-frequency identification (RFID)-based sys
    Read More
  • First Smart Mobility Challenge winners announced
    March 22, 2012
    Vice-President Siim Kallas, European Commissioner for mobility and transport, has announced the winners of the first Smart Mobility Challenge on European multi-modal journey planners, to promote the development of all-in-one journey planners, going beyond national borders and offering travel options combining different transport modes. In the category of 'operational journey planners' the two winners are Idos and Trenitalia, and in the category of 'innovative ideas' the winners are Penelope Ventures and SNC
    Read More
  • Assessing driver behaviour in work zones
    May 31, 2013
    David Crawford looks at moves to increase throughput and safety in work zones.
    Read More

Highlighted Content