Warsaw Metro secures $104.5m loan to purchase up to 45 new railcars

27 November 2020 (Last Updated November 27th, 2020 09:26)

Poland's Warsaw Metro has secured a loan of zl392.5m ($104.5m) to purchase up to 45 new railcars.

Poland’s Warsaw Metro has secured a loan of zl392.5m ($104.5m) to purchase up to 45 new railcars.

The new financing was jointly awarded by the European Bank for Reconstruction and Development (EBRD) and ING, as part of the larger financing package from the European Investment Bank (EIB) and the EU.

The new railcars will replace the old rolling stock operating on Line I. The vehicles will also be used on the under-construction extended Metro Line II.

The expansion of the metro system is expected to reduce traffic congestion in Warsaw and help the city in combatting growing pollution.

Warsaw Mayor Rafał Trzaskowski said: “The extension of the metro network is a key task for the City of Warsaw that will bring many benefits; citizens will gain a fast and comfortable means of transport, and it will have an enormous positive impact on the environment, which is a priority for us.”

EBRD Regional Director and Central Europe and the Baltic States head Grzegorz Zieliński said: “With this transaction, we welcome Warsaw’s commitment to investing in modern public transport infrastructure while developing a comprehensive plan to improve its overall urban environment.

“We are proud to stand shoulder to shoulder with our partner, the City of Warsaw, in its endeavour to build a greener future for its residents.”

To date, the EBRD has invested around €10.8bn across 449 projects in Poland.

Earlier this year, EBRD allocated €65m for the modernisation of the Tbilisi metro in Georgia.