EIB will Funds Polish Railway Modernisation Project
The European Investment Bank (EIB) will extend a €120m loan to Poland for the reconstruction and modernisation of a 58km twin-track rail line from Wroclaw to the border of the lower Silesia Voivodship.
The project forms the first planned modernisation phase of the 164km line of E59 European rail corridor linking Malmo, Ystad, Szczecin, Poznan, Wroclaw, Chalupki and Ostrava, which is expected to be completed in 2015.
The modernisation will allow trains to run at a speed of 160km/h, thus reducing journey times and improving safety.
Previously, EIB extended €224m to Polish railways to buy 20 electric multiple train units to operate on the E65 trans-European transport corridor between Gdansk, Warsaw, Brno / Bratislava and Vienna, as well as for the construction of a related maintenance depot.
The E65 trans-European transport corridor project will be co-financed by the European Union under the Operational Programme for Infrastructure and Environment.