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The Railway Fund

The Railway Fund, established in Bank Gospodarstwa Krajowego pursuant to the Act on the Railway Fund dated December 16, 2005, has been operated within the structures of the Bank since 2006. The Fund is financed from the inflows at 20% of the income from fuel fee imposed on motor fuels and gas introduced to the market, used in combustion engines, paid by the producers and importers of motor fuels (increased additionally by the amount of PLN 100m a year, which will be allocated to the Fund until 2015). 

The objectives of the Fund include:

  • financing tasks consisting in preparing and delivery of construction and reconstruction of railway lines;
  • financing projects of refurbishing and maintenance of railway lines and liquidation of redundant railway lines;
  • financing the on-going expenses of PKP Polskie Linie Kolejowe S.A. related to managing railway infrastructure; 
  • in years 2009 - 2015 financing or co-financing the projects of local governments with regard to purchasing, modernisation and repairing railway vehicles for passenger transportation under the contract for providing public services;
  • in years 2010 - 2014 financing the acquisition from PKP SA, by the State Treasury, of the shares in PKP Polskie Linie Kolejowe S.A. 

The Fund's expenses for the above goals are driven by the government Programme for utilisation of the funds under the Railway Fund, adopted annually by the Council of Ministers.

Payments from the Fund are effected based on the requests issued to the Bank by the minister competent for transportation with accordance to the financial plan of the Fund, which in terms of spending is prepared in line with the government Programme.

The beneficiaries of the resources of the Fund include:

  • entities managing the railway infrastructure who entered into agreements with the minister competent for transportation for the delivery of tasks related to refurbishing and maintenance of railway infrastructure, railway projects and liquidation of redundant railway lines;
  • local governments - financing or co-financing the projects with regard to purchasing, modernisation and repairing railway vehicles for passenger transportation under the contract for providing public services;
  • PKP S.A. in relation to purchase from PKP SA, by the State Treasury, of the shares in PKP Polskie Linie Kolejowe S.A.;
  • PKP Polskie Linie Kolejowe S.A. in relation to financing the on-going expenses of PKP Polskie Linie Kolejowe S.A. related to managing railway infrastructure.