Warsaw (Puls Biznesu) – The Ministry of Infrastructure gave PKP Przewozy Regionalne (PKP PR), Polish company operating in regional transportation, over EUR 51 m for modernisation of passenger trains.
The company will add its own funds and spend PLN 413 m (EUR 101.2 m) for new trains and cars. ‘In February, when we sign the agreement with the ministry, we are going to announce three tenders: for the delivery of 11 new electric traction sets, general modernisation of our 75 electric traction set and renovation of 81 cars used at routes between regions’, Janusz Dettlaff, PKP PR CEO said.
The company managed to decrease loss by PLN 480 m to PLN 760 m in 2004, preliminary data say. ‘We still have a loss but for the first time since 2001 we reduced the fall of the results. It was possible thanks to subsidies from local authorities and the state, which paid back the costs of half-price tickets. We have also reduced costs by PLN 250 m’, the CEO explained. Moneys from ticket sales fell, however from PLN 1.202 billion to 1.184 billion. Nevertheless, the management wants to reduce the loss by further PLN 226 m to PLN 534 m. It may be difficult as both, local authorities and the budget, are going to subsidise railways to a smaller extent than last year. Only one regional company – Koleje Mazowieckie – was created and PKP trade unions want to block creation of the next ones.
(PLN 1 = EUR 0.245)
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