According to calculations submitted to the Ministry of Transport yesterday, the rebuilding of railway tracks will cost EUR 500 million more than it was earlier estimated. "Therefore the value of the investments will increase from EUR 6.2 billion to EUR 6.7 billion," said deputy Transport Minister Mirosław Chaberek. The revaluation was necessary due to the increase in the price of construction materials, commodities and machinery. Nevertheless, the Ministry of Transport is not concerned about financing the investments, as PKP PLK is to receive almost zł.1 billion from the government in the form of debt repayments for PKP Przewozy Regionalne. In addition, PKP PLK secured a loan of zł.500 million from the European Investment Bank. The remainder is to be financed from the budget and EU funds. "The absorption of those funds is the biggest challenge," emphasized Marcin Borek from Ernst & Young. (Dziennik, Wall Street Journal Supplement, p. 1) E.B.
