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

  • Toll performance exceeds expectations, improves travel times
    January 30, 2012
    Jean Harito, Attica Tollway Operations Authority and Steve Morello, Egis Projects describe how looking to exceed contractual obligations makes good operational and business sense. The Attica Tollway is a modern, 65km, access-controlled urban motorway with three lanes in each direction. It constitutes the ring road around the extensive metropolitan area of the Greek capital, Athens, and forms the backbone of the entire road network in the Attica region. By ensuring freeflow operating conditions, the Attica T
    Read More
  • Developing ‘next generation’ traffic control centre technology
    July 4, 2012
    The Rijkswaterstaat and Highways Agency have joined forces to investigate what the market can do to realise an idealistic vision for traffic control centre technology. Jon Masters reports One particular seminar session of the Intertraffic show in Amsterdam in March was notably over subscribed. So heavy was the press to attend that your author, making his way over late from another appointment, could not get in and found himself craning over other heads locked outside to overhear what was being said. The
    Read More
  • No in-road equipment for Queensland's free flow toll bridge
    February 1, 2012
    By May this year, the new Gateway Bridge in Brisbane, which is being built alongside an existing bridge, will be open. With it will come an end-to-end free-flow tolling system. Interview with Sue Caelers, Queensland Motorway Ltd. Queensland Motorways Ltd owns and operates 61km of roadway in the area around Brisbane, Australia. This includes the Gateway Bridge and the Gateway Extension, Logan and Port of Brisbane motorways.
    Read More
  • Project CROCODILE wins award for smart use of data
    May 16, 2016
    Project CROCODILE, which was launched in 2013 to establish a trans-national data exchange infrastructure to end breakdown of cross-border traffic has won the 2016 Transport Achievement Award in the freight category. The prize is awarded by the International Transport Forum (ITF), a Paris-based intergovernmental organisation and policy think tank with 57 member countries. The project is co-financed by the European Union’s TEN-T programme and aimed to establish a framework to collect and exchange data for
    Read More

Highlighted Content