The document states that the signatories will sign a contract by the end of 2019 to establish a company that will produce various freight wagons for PKP Cargo. The contract will also determine the number of shares each partner will hold in the planned company.
“The market has a strong demand for freight wagons and the implementation of this project would be of great benefit to PKP Cargo,” says PKP Cargo president, Mr Czesław Warsewicz. “Certainly our company could be the recipient of the production of this plant, because we have big needs both in the field of replacing old new rolling stock as well as increasing our resources.”
The former Gniewczyna Wagon Factory near Przeworsk is a possible location for the plant, although other locations in Podkarpacie are under consideration. Production is due to begin in 2020.
“We want to be an active partner in rebuilding the potential of the domestic industry,” says ARP vice-president, Mr Andrzej Kensbok. “Especially in the field of renewal of the fleet of Polish carriers, which was once our national pride. The market needs it very much - currently 70% of all freight wagons are over 30-years-old. That is why today, by signing the agreement with PKP Cargo, we joined forces and competences.
“Our partners have investment needs and industry knowledge, and we in turn support the planned project financially. We also hope that companies from the ARP capital group will benefit from this cooperation. Our activities will not only limit barriers to the development of the rail freight market in the coming years, but also permanently improve the competitiveness of the Polish rail sector.”
PKP Cargo Terminal
PKP Cargo also announced the establishment of a new company, PKP Cargo Terminal, which will be based in Medyka-Żurawica near the Polish-Ukrainian border. The company, which will manage all terminals owned by PKP Cargo, will become the largest terminal manager in Poland and one of the largest in Europe.
