All of them believe in great future of the railway sector. In order to receive EU funds to modernize the infrastructure, they ask investors for millions of zloty. Zbigniew Jakubas, owner of PRK Rybnik and Newag; Maciej Radziwill, CEO of Trakcja Kolejowa; Krzysztof Sedzikowski, CTL managing director; and Czeslaw Warsewicz, CEO of PKP Intercity have all confirmed that their companies would be listed soon. If everything goes well, a new sub-index – WIG-Railway – will appear on the WSE.
Today, Zaklady Naprawcze Taboru Kolejowego, a railway modernization company has its debut. In the first quarter of next year Trakcja Polska and PCC Containers may be listed. A year later, PKP Intecity which is currently transforming into a joint sock company may sell its shares on the Warsaw Stock Exchange. In 2010, PKP Cargo is planned to have its debut. CTL Logistics, Poland’s biggest private railway company is considering an IPO but it has not decided whether to choose the stock market or an investor. Zbigniew Jakubas, owner of Newag and PRK wants to list one of the companies.
For many years, railway companies were struggling to survive. Now, they have funds to invest. PKP PLK has over PLN 20bn (EUR 5.5bn) to spend till the year 2014. PKP Intercity is going to modernize its railways and buy new ones for PLN 2.7bn till the year 2010.
“Two years ago, the railway market was worth several hundreds million zloty. Next year we may expect PLN 4-5bn of investment”, Adrian Furgalski from Tor consulting company commented.
(PLN 1 = EUR 0.275)