Skip to main content

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

  • Innovating with the O-Ring: Boosting efficiency in road stud maintenance
    December 10, 2024
    SR-45C and SR-48C offer durability without compromising performance
  • Nairobi set to get metropolitan transport authority
    October 23, 2014
    The Governors of Kajiado, Kiambu, Nairobi and Muranga counties in Kenya have signed a Memorandum of Understanding to pave the way for the formation of a Nairobi Metropolitan Transport Authority.
  • Over-the-air software updates to benefit for automotive market, IHS says
    September 8, 2015
    While quite common in smartphones and personal computers, remote over-the-air (OTA) software updates are still only in their infancy in the automotive space, according to a new report from IHS Automotive. The report finds that OTA software updates will eventually be a big benefit for the automotive industry due to their capacity to reduce warranty costs, potentially increase overall completion rates for software-related recalls, improve customer satisfaction by eliminating trips to the dealership for so
  • Nearly 59,000 US bridges still structurally deficient, new analysis finds
    February 19, 2016
    According to the US Department of Transportation's recently-released 2015 National Bridge Inventory database, there were 2,574 fewer structurally deficient bridges in 2015 compared to the number in 2014. However, there are still 58,500 on the structurally deficient list and at the current pace of bridge investment it would take at least 21 years before they were all replaced or upgraded. The American Road & Transportation Builders Association (ARTBA), which conducts an annual review of state bridge da