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PKP CARGO takes the first step towards rolling stock cooperation. What is it about?

PKP CARGO takes the first step towards rolling stock cooperation. What is it about?
photo: Archive/PKP CARGO takes the first step towards rolling stock cooperation. What is it about?
22 / 09 / 2022

On September 14th, PKP CARGO, the Industrial Development Agency, and Polski Tabor Szynowy signed a letter of intent to cooperate in the rolling stock area, including the Gniewczyn railcar factory restoration.

The parties announced that they would take into account two primary considerations in the cooperation model being developed. The first concerns the consolidation of rolling stock potential in the Industrial Development Agency Group, through the acquisition by PTS from PKP CARGO S.A. of assets, including real estate and movable property, located on the site of the former factory in Gniewczyn Lańcucka. The potential transaction will be financed by IDA and is expected to be aimed at restoring the potential of the Gniewczyn plant in terms of repair and production of rolling stock.

The second premise of the proposed cooperation is to take place in the field of ordering maintenance services for rolling stock owned by PKP CARGO, as well as the acquisition of new rolling stock. In addition, according to the Parties to the Letter of Intent, these activities will be part of the climate goal implementation and meet the assumptions of the so-called Green Deal and increase the share of rail transport in supply chains.

The signatories announced that they "recognize the great potential and the possibility of obtaining synergies when undertaking joint activities" and intend to cooperate in projects related to rail freight in the broadest sense. The parties also declare to "take all measures related to identifying opportunities and areas for future cooperation using their resources."

The Letter of Intent is to remain in effect for six months or until the date of signing a possible contract or an agreement to terminate the Letter representing a starting point for further work and negotiations and, therefore, cannot be considered a legally binding agreement.

(Pictured from left: Radosław Pacewicz - PTS president, Jacek Rutkowski - PKP CARGO S.A. board member for commercial affairs, Dariusz Seliga - PKP CARGO president, Cezariusz Lesisz - ARP president, Krzysztof Michalski - ARP vice president).

 

Source: PKP CARGOPress Releases

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