RAIL NEWS FROM CENTRAL AND EASTERN EUROPE!

The Ministry of Finance, after months of analyses, decided on the way of cuttig PKP Regional Railway's (PKP PR) debts.

The details are now disussed between the Ministry of Transport and the Ministry of Finance. The company's debts will be partly covered from the PLN 2 billion (EUR 514m) gathered in the Railway Fund. The Fund is in major part based on the incomes from car fuel tax.

It was ealier decided that the whole income from the fuel tax will be spent on building a road and highway network. Last year the railway managed to force the government to spendpart of this sum on the development o railways.

In 2005 PKP PR debts reached PLN 2.9 billion (EUR 746m).
Source:railway-market.pl