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EIB to fund upgradation of Poznan–Szczecin section [free access]

June 6, 2019

The European Investment Bank (EIB) has signed two loan agreements worth EUR400 million with PKP Polskie Linie Kolejowe (PKP PLK) for the modernisation of the 195-km Poznań–Szczecin section of the European Transport Network (TEN-T) Baltic–Adriatic corridor.

 

The modernisation project is expected to be completed by 2020 at an estimated investment of EUR880 million. In 2016, the partial financing was approved by Connecting Europe Facility (CEF).

 

(1 EUR [Euro] = 1.13 USD)