The European Investment Bank announced on 12 September that it has signed a €233 million loan to PKP Intercity rail operator in Poland, to finance their largest long-term investment programme for the modernisation of the country’s transport sector, and for rail transport in particular. The project aims to improve quality of travelling by train throughout Poland and to neighboring countries. It helps to shift traffic from road to railways, contributing to sustainable transport by enabling higher operating speeds, improving comfort and ensuring safety. It will also contribute to the increased frequency of services on selected routes. This is the fourth EIB loan to PKP Intercity since 2005. It is part of the ongoing EIB support for rail transport in Poland, which also includes significant financing of the infrastructure provider, PKP Polskie Linie Kolejowe, for upgrading the rail network.