PKP PLK awards $76M deal to Bombardier, KZA
Published: Tue, 2015-04-21 07:00- Likes 3
Poland’s railway network operator PKP PLK has handed a contract worth PLN 282 million ($76 million) to a consortium formed by Canada’s Bombardier Transportation and local firm Krakowskie Zaklady Automatyki (KZA).
Under the deal, the two companies will upgrade the train control system between Rawicz and Czempin. The rail link has a total length of 70 km, PKP PLK said in a statement.
Following the completion of the investment, trains operating on the connection will be enabled with a maximum speed of 160 km/h.
The latest contract is the first deal awarded under the new EU funds perspective for the years 2014-2020. In total, Poland is aiming to obtain co-financing of some PLN 10 billion ($2.7 billion) to carry out seven key rail infrastructure projects. The investments are to enable PKP PLK to modernise 570 km of its rail network, according to the company.
“The works will concern the most important rail lines in Poland which are vital to the further development of our country’s rail transportation,” said Marcin Mochocki, director of investments at PKP PLK.