The European Investment Bank (EIB) is lending EUR 250 million to PKP Polskie Linie Kolejowe (PKP PLK) to finance improvements to the railways along the strategic TEN-T North Sea–Baltic Corridor (Rail Freight Corridor 8)linking the Baltic Sea with the Ukraine border. The EIB funds will support the modernisation of the 171 km section of the railway line between Warsaw and Lublin and the rehabilitation of the Łuków–Lublin freight bypass along a 51 km stretch both for passenger and freight rail traffic.
Besides reducing the travel times for freight and long-distance traffic, the project will notably have significant positive impacts on commuter traffic in Warsaw and Lublin through the construction of new tracks where increased transport capacity is needed to meet rising traffic demand.
The current project is envisaged to be co-financed also by EU funds. The EIB has previously provided 15 loans to PKP PLK totalling some EUR 2.3 billion.
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