Warsaw (Puls Biznesu) – Stadler signed preliminary agreement with PKP state-owned railway company to lease a lot in Siedlce where its plant is going to be located. The modernization of the old PKP plant should be launched this year.
The Swiss company is going to launch its plant producing railway vehicles in Siedlce on a lot of 5,000 square meters where formerly a facility of infrastructure repairs was located. In May 2007, the company would like to start assembling 14 trains ordered by regional railway companies in Mazowsze and Slask region. The transaction is subject to approval of the management of PKP and the Minister of Transport. According to Michal Wrzosek, PKP spokesman, formalities may last several weeks.
On Friday, Stadler will sign agreement with Siedlce municipal authorities which are going to provide the Swiss company with the necessary infrastructure. In the first phase, the plant will conduct the final assembling works, in the second, the production of elements for European companies of Stadler is planned as well.
“We are still working over the costs”, Teresa Wisniewska representing Stadler to Poland said.
Initially, the project in Siedlce was supposed to amount to PLN 224m (EUR 57.6m). It may be more, however.
(PLN 1 = EUR 0.257)