PKP Intercity's agreement to bring benefit of PLN 2.2 bln total in EU KPO funds to five Polish suppliers

Poland's rolling stock maker Pesa Bydgoszcz, Pesa Minsk Mazowiecki, the Cegielski rail vehicle factory, Remtrak Idzikowice and listed rolling stock producer Newag are the Polish suppliers that will benefit from Poland's long-distance railway carrier PKP Intercity's agreement with the Centre for EU Transport Projects (CUPT) signed on Wednesday for nearly PLN 2.2 billion (EUR 507.5 mln) in EU co-financing under the national recovery plan KPO, PKP Intercity's CEO Janusz Malinowski said.

"PKP Intercity has been increasing its offer every year, among others, since December 15, we have increased our offer by 11 percent, that is 51 trains more (...). This year we will carry nearly 80 million passengers - we assume that in 2030, PKP Intercity will carry around 110 million passengers," Malinowski told reporters.

The CEO listed the suppliers that will benefit from the agreement with CUPT for the purchase of 56 electric locomotives and the modernisation of 248 passenger coaches.

"Five Polish companies will benefit from today's signed agreement: Pesa Bydgoszcz, Pesa Minsk Mazowiecki, the Cegielski rail vehicle factory, Remtrak Idzikowice and Newag Nowy Sacz," the CEO of PKP Intercity announced.

"At the moment, we have active contracts worth PLN 15 billion and this is not the end of it, further proceedings are underway, and today's agreement helps us to implement this investment process, or to be more precise, to finance it," he added.

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