PKP PLK investment hit record high in 2013, with a total amount of PLN 5.3 billion. However, 2014 announces to be even better, with PLN 7bn to be invested in the renewal of the railway infrastructure, allowing approximately 1.5 thousand Km of modernised lines to be put into service.
“Investments in the Polish rail infrastructure clearly accelerated. We have a tremendous opportunity to change Polish railways through the largest ever investment program” said Zbigniew Klepacki, Vice Minister for Infrastructure and Development. He added that approximately 3,000 km of lines or 15% of the entire rail network in Poland is being upgraded.
PKP Board has implemented a new policy on risk investment management. As well, the company facilitated the procedure for awarding contracts; for major investments, the two-stage tendering procurement will be practiced.
“These amendments aim to maximize the use of European funds from the current EU budget framework and the efficient implementation of 2014-2020 investments. Only for 2013-2015, the amount to be spend by PKP Group alone, in order to increase rail transport comfort, exceeds PLN 28 billion, stated Adam Zdziebło, Deputy Minister for Infrastructure and Development.
PKP developed a National Program for Railways (a program document for 2014-2020 financial framework), which includes investment projects with a total value of PLN 58.6 billion zł. The company has also prepared 5 projects with a total value of PLN 8 billion to be financed by the Connecting Europe Facility.