Home / Business Intelligence / EIB grants funding to Przewozy Regionalne for rolling stock acquisition and modernisation

EIB grants funding to Przewozy Regionalne for rolling stock acquisition and modernisation

pr_poland_pesaPolish regional rail passenger operator Przewozy Regionalne (PR) will receive funding from the European Investment Bank (EIB) under the European Fund for Strategic Investments (EFSI), which is part of the so-called Juncker Plan. The agreement concluded between the EIB and Przewozy Regionalne will provide co-financing for the rolling stock modernisation plan of Przewozy Regionalne, financed from the loans provided by local banks – a consortium of Bank Gospodarstwa Krajowego, PKO Bank Polski, and Bank Zachodni WBK.

Przewozy Regionalne will allocate PLN 200m from the loan granted by the EIB  for the purchase and modernisation of its rolling stock.

“Being part of such a big plan supporting infrastructure and innovation is proof for Przewozy Regionalne that the direction set by the company’s Management Board is right. EIB support is another very important step for our organisation, which, among other things, thanks to the support of Agencja Rozwoju Przemysłu, will close the year for the first time in history with a positive financial result of approximately PLN 50m and stable forecasts for successive years. Passengers will soon feel positive changes occurring in Przewozy Regionalne. The first effects in the form of new and modernised trains will appear on the tracks next year,” Krzysztof Mamiński, President of the Management Board of Przewozy Regionalne said.

„Profesionally managed resturcturization process is bringing the desired results. The agreement signed with EIB is a confirmation of financial credibility of the company and creates opportunities for its further development. For us, as the majority shareholder, it is extremely important. We are satisfied that Przewozy Regionalne is back on track with new energy, ready to improve the quality of its services”, emphasised Marcin Chludziński, the Chairman of the Board of Agencja Rozwoju Przemysłu.

 

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