PKP sorted out the management of railway real estate

One of the tenets of the 2000 reform of the Polish railways, which was implemented in accordance with the Act on Commercialization and Restructuring of the State Enterprise "Polskie Koleje Pastwowe," was the creation of a separate business that specialized in the management of rail infrastructure and train traffic, followed by the provision of that business with the resources required for its operations, such as land, buildings, structures, and other components. But since the legal status of a portion of the real estate that was to be given to the new company was unregulated at the time the Act on PKP came into effect, a different approach in the form of a bilateral agreement was taken as a replacement.

Next, PKP SA made an in-kind asset contribution to PKP PLK SA in the form of fixed assets. These assets were parts of the railway infrastructure covered by the earlier agreement, but they did not include the land on which they were situated. The legal status of real estate (land) was gradually regulated over the ensuing years as a result of the activities of PKP SA, which made it possible to finish the entire procedure.

The next step was to choose the form, i.e. the way the in-kind contribution would be delivered. e.

PKP SA Branch Infrastruktura Kolejowa, an organized division of the company, is being split off. Over 34,000 items were identified as being a part of the inventory.

plots of land with a combined area of over 39,000 sq\. m. ha, primarily made up of areas where railroad tracks and stations have been installed, and more than 18,000. Tracks, turnouts, bridges, signal box buildings and other control posts, platforms, footbridges, and underground passages are examples of fixed assets that make up the structural components of railway lines. Accompanying devices include transmission networks, lighting components, and technological roads.

One of the fundamental tenets of the Act on PKP of 2000, whose implementation represented one of the most significant reforms in the history of the Polish railways, has been met with the completion of the inventory of the assets making up the railway infrastructure and the readiness of polskie koleje pastwowe SA to transfer it. It is not an exaggeration to say that organizing issues pertaining to the management of railroad land and other real estate is one of the most significant projects carried out by PKP SA after 2000 and one of the most significant actions taken by the Management Board of PKP SA after its appointment in 2017.

But the main reason for this is that numerous employees were involved, and it was their efforts that made this challenging process possible. Additionally, it should be mentioned that adding a contribution in kind to the share capital of a commercial law company is an equivalent operation, meaning the shareholder receives the value of the company's shares in return for the contribution in kind.

This situation will result in an increase in PKP SA's ownership of PKP PLK SA's share capital, which is significant from the perspective of the development of the PKP Group holding, among other things. According to Krzysztof Mamiski, President of the Management Board of PKP SA and PKP Group, the strongest european railroads are run as holding structures that include carriers, infrastructure managers, and other organizations. These holding structures are found in Germany, Austria, France, and Italy.

The evaluation of the assets by a qualified appraiser will be the last step before the process is complete and the in-kind contribution of assets is carried out. February 23.

Polish State Railways SA made a public announcement regarding a tender process in the form of an open tender for the valuation of assets making up an organized part of the business. The entity with whom the contract will be concluded is required to complete the valuation within a maximum of 8 months.

PKP SA and PKP PLK SA are currently working more diligently to complete the entire project, which includes the exclusion of real estate important to PKP SA from the in-kind contribution in connection with the ongoing station investments, participation in government programs, as well as ongoing and planned development and logistics projects and commercialization . polskie koleje pastwowe SA is the parent company of the PKP Group, which has been operating as a holding company since it was founded. In Poland right now, PKP SA is also one of the biggest property managers for residential properties, buildings, and other real estate.

The facilities used by PKP SA to carry out tasks associated with the operation of rail transportation, e. g.

Typical commercial real estate and railroad stations both qualify as buildings.

One of the tenets of the 2000 reform of the Polish railways, which was implemented in accordance with the Act on Commercialization and Restructuring of the State Enterprise "Polskie Koleje Pastwowe," was the creation of a separate business that specialized in the management of rail infrastructure and train traffic, followed by the provision of that business with the resources required for its operations, such as land, buildings, structures, and other components.