PKP Cargo’s rescue plan slips again, and the money is not there yet

A Siemens Vectron leased from Alpha Trains in PKP Cargo International livery. The locomotive is operated by the group’s Czech-based subsidiary. Photo: PKP Cargo International.

POLAND: The country’s largest rail freight operator, two years into court-supervised restructuring, has moved the deadline for its rescue plan for the second time in two months. PKP Cargo has asked for 15 September to fix the terms it will offer creditors, and it does not yet know whether the share issue meant to pay for the deal can be sold.

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