Poland's transportation hub group CPK plans to apply for billions of EU funds next year
In the coming year, Poland's central transportation hub group CPK plans to apply to the European Commission for billions in subsidies for the construction of individual sections of the railway line between Warsaw and Lodz and the drilling of a long-distance tunnel in Lodz, CPK announced in a press release. The company is counting on new EU funding opportunities in the 2028-2034 perspective.
On Wednesday, the CPK special purpose vehicle announced that the section of the ‘Y’ railway line, which is expected to connect Warsaw, CPK Airport and Lodz by 2032, and by 2035, also Poznan and Wroclaw, is the most advanced section of the High Speed Railway being implemented by CPK group.
"To date, the company has received approximately PLN 500 million in EU support for studies and design work on the entire 'Y' line, including PLN 280 million for the Warsaw-Lodz section. However, this is only the beginning. In the coming year, CPK plans to apply to the European Commission for billions in subsidies for the construction of individual sections between Warsaw and Lodz and the drilling of a long-distance tunnel in Lodz," CPK said in the press release.
CPK's CFO Marcin Michalski, quoted in the press release, stressed that the EU's Connecting Europe Facility (CEF) instrument is currently the only source from which the company can obtain EU funds for railway investments.
"Meanwhile, we are keen to also take advantage of, for example, [the European Funds for Infrastructure, Climate and Environment programme for 2021-2027 - MI ed.] FEnIKS programme, which is the primary source of EU funding for railway investments in Poland," Michalski said.
"Therefore, in cooperation with the institutions responsible for the implementation of EU funds, we are taking steps to open up new financing opportunities for the 2028-2034 period," he added.
In turn, CPK's CEO Filip Czernicki pointed out that EU funds are an extremely important element of the CPK Multi-Annual Programme for 2024-2032, which has been adopted by the Council of Ministers.
jz/ ao/