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

  • Autonomous vehicles, the pros and cons
    November 21, 2013
    Driver interface and human factors could provide the biggest obstacles to autonomous vehicles as Jon Masters discovers.
    Read More
  • Europe ‘accounted for largest share in global TCMS market in 2015’
    October 14, 2016
    According to the latest research by P&S Market Research, the global train control and management system (TCMS) market was valued at US$2,031.6 million in 2015, and it is expected to grow at a CAGR of 8.2 per cent during 2016-2022. Researchers indicate that increasing population and urbanisation, growing demand for safe and comfortable rapid transit solutions in developed as well as developing regions, and stringent emission control norms are expected to drive the demand for TCMS over the forecast period.
    Read More
  • Port authority to replace ITS system at George Washington bridge
    November 16, 2012
    The Intelligent Transportation System (ITS) at the George Washington Bridge (GWB), first installed in 1997, is to be replaced by the Port Authority of New York and New Jersey as part of a road improvements being planned throughout the region. The ITS provides information on traffic conditions, estimated travel times, and lane restrictions to motorists via electronic signs on roads leading to the GWB. An estimated 101 million vehicles crossed the world’s busiest crossing in both directions in 2011. Work on t
    Read More
  • European Commissioner blasts auto industry on defeat device scandal
    July 12, 2016
    Speaking at the FIA summer cocktail party, European Commissioner Elżbieta Bieńkowska compared the emissions defeat device scandal to the banking crisis and proposed a three step programme to ensure that market confidence is restored. She insisted on the need for the auto industry to show all their cards so that constructive progress could be made. Her plans include the need to reform the EU's type-approval and market surveillance system. She also endorsed long-term investment in a low-carbon transport syst
    Read More

Highlighted Content