Euro 2012 – Ukraine and Poland

July 7, 2007

Poland: EUR 500 mn more needed for railways before Euro 2012

Filed under: Poland — Ivan @ 8:49 am

PKP Polish Railways (PKP PLK) has revalued the investments it must make between 2007 and 2012 within the framework of EURO 2012 preparations.

According to calculations submitted to the Ministry of Transport yesterday, the rebuilding of railway tracks will cost EUR 500 million more than it was earlier estimated.

“Therefore the value of the investments will increase from EUR 6.2 billion to EUR 6.7 billion,” said deputy Transport Minister Miros?aw Chaberek.

The revaluation was necessary due to the increase in the price of construction materials, commodities and machinery.

Source: Poland AM

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