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

  • Hitachi Rail Europe wins UK first traffic management contract
    July 28, 2015
    Passengers on some of the busiest commuter lines in the UK can look forward to more frequent and more reliable trains following a deal to provide new traffic management technology on the Thameslink route through central London. Network Rail and the Thameslink Programme have signed a contract with Hitachi Rail Europe (HRE) to deliver a step-change in technology through state-of-the-art traffic management technology.
    Read More
  • What will MaaS look like in 2031?
    October 25, 2021
    The next decade will see the humble trip planning app transformed by machine learning and AI, revolutionising the way we move around and interact with each other, says John Nuutinen of SkedGo
    Read More
  • Cost benefit goes under the microscope
    August 21, 2017
    Conventional cost benefit analysis (CBA) of plans for urban smart mobility initiatives needs serious rethinking, according to a recently-completed European study. The three-year Evidence Project (the Project) emerged in response to concerns about the availability and quality of documented research – including CBA – required to prove that investment in sustainable urban mobility plans (SUMPs) can be economically beneficial. Covering 22 sectors ranging from electric vehicles to shared spaces, the Project clai
    Read More
  • EU project to make urban freight management more sustainable
    February 1, 2012
    Urban freight policies are becoming more common in European cities and regions. However, it is still difficult to evaluate and transfer the knowledge gained from the different city logistics measures implemented by local authorities. The SUGAR project aims to tackle this by establishing a systematic approach towards best practices identification and assessment, and by developing urban freight plans and actions.
    Read More

Highlighted Content