PKP CARGO wants to reactivate wagon factory in Gniewczyn, letter of intent with PTS and ARP signed

PKP CARGO wants to reactivate wagon factory in Gniewczyn, letter of intent with PTS and ARP signed

PKP CARGO, the Industrial Development Agency, and Polski Tabor Szynowy signed a letter of intent on cooperation in the area of rolling stock, including the reactivation of the Gniewczyn wagon factory.

PKP Cargo more than a year ago bought the assets of the former factory in Gniewczyn Lańcucka from the Slovak company Forespo, which consists of 33 hectares of land on which halls of 4 hectares stand, and also includes 7.5 kilometers of track. The value of the contract is about PLN 33 million.

The parties announced that they will take into account two main considerations in the cooperation model under development. 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 possible 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, in the opinion of the Parties to the Letter of Intent, these activities will be part of the implementation of the climate goal 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". - they 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. represents a starting point for further work and negotiations and therefore cannot be considered a legally binding agreement.

This article was originally published on our sister's publication

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