The European Bank for Reconstruction and Development (EBRD) is providing PPP Solutions Polska 2 Sp. z o.o. a PLN 259.2 million (EUR 54.2 million) for the construction of the 4th phase of Krakow Fast Tramway project which is implemented under a private public partnership (PPP) granted by the City of Krakow.
PLN 1.3 billion (EUR 272.8 million) is the value of the project including capital expenditures worth PLN 800 million (EUR 167.9 million).
The project involves the development, construction and maintenance of the 4th phase of the Krakow Fast Tramway including the construction of a 4.5 km new double track, extending the Mistrzejowice tramline loop, as well as the construction of a 1 km tunnel. Under the project, a 10.3 km road infrastructure will be redeveloped including the development of associated infrastructure.
The Krakow Fast Tramway project aims to connect two existing tramlines in the northern part of the city centre passing through two residential districts, with an objective to increase services and improve the integration of public transport as an efficient and more sustainable alternative to passenger car traffic.
The line will connect Mistrzejowice with the intersection of Meissnera and Lema Streets running along Meissnera, Młyńska, Lublańska, Dobrego Pasterza, Bohomolca Jancarza Streets. It will reduce the travel time to the city centre by approx. 12 minutes. The line includes a multi-level interchange station in the area of Polsadu roundabout.
Once operational, the tram track is expected to lead to a capacity increase of 40 trams per hour in both directions, with a total ridership of 556 passages per day.
This is the first tram infrastructure development project in Krakow implemented under PPP scheme. An agreement was signed in December 2021 between the city of Krakow an the consortium of PPP Solutions Polska and Gülermak AGir Sanayi Insaat ve Taahhu to implement the project. Under the agreement signed with the private partner for a period of 24 years, the company will be responsible for the design and implementation as well as for the maintenance of the new line. After this period, the city will take over the use of the infrastructure.
In July, the European Investment Bank provided a loan of PLN 150 million (EUR 31.48 million) to finance the project.
The project is expected to be completed in 2025.
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