Latest news with #Euroterminal
The Star
26-05-2025
- Business
- The Star
Poland to build Europe's largest logistics hub in Slawkow: Polish PM
WARSAW, May 26 (Xinhua) -- Poland will develop the largest logistics hub of its kind in Europe in Slawkow, Silesia, Polish Prime Minister Donald Tusk said on Monday, emphasizing its strategic importance for Poland's economic interests. The expansion of the Euroterminal in Slawkow is a significant infrastructure project with an estimated total investment of 1 billion euros (1.14 billion U.S. dollars). According to Polish Press Agency, the Euroterminal in Slawkow is set to increase its annual capacity from nearly 285,000 to over 500,000 TEUs, significantly strengthening Poland's position in Europe's logistics network and supporting Ukraine's reconstruction. At the site, Tusk stressed the need to maintain Polish control over such critical infrastructure and highlighted the importance of active participation in Ukraine's reconstruction. "It is not just Ukraine, it is not just the eastern direction. That is why we are investing so much money and so much work to make Slawkow this European logistics power, this largest center in Europe, because it is such a logistics heart, where these flows are not only in the east-west direction, but also north-south," Tusk said. According to Polish Radio, the Slawkow Euroterminal is the European Union's only broad-gauge rail gateway for freight arriving from Ukraine and Asia. The terminal is located at the junction of the westernmost broad-gauge railway line (1520 mm) and standard-gauge lines (1435 mm), which facilitates the transshipment of containers transported by rail between Asia and Western Europe via Ukraine, among others.
The Star
26-05-2025
- Business
- The Star
Poland to build Europe's largest logistics hub in Slawkow
WARSAW, May 26 (Xinhua) -- Poland will build the largest logistics hub of its kind in Europe in Slawkow, Silesia, Prime Minister Donald Tusk announced on Monday. The project, centered on the expansion of the Euroterminal in Slawkow, is being hailed as a key investment for Poland's strategic interests. With an estimated total investment of 1 billion euros (1.14 billion U.S. dollars), the expansion will significantly boost the terminal's annual handling capacity - from nearly 285,000 to over 500,000 TEUs. This development is expected to enhance Poland's role in Europe's logistics network. Speaking at the terminal, Tusk emphasized the importance of maintaining national control over critical infrastructure and underlined Poland's commitment to regional development. "We are investing so much money and effort to make Slawkow a European logistics powerhouse - the largest center of its kind on the continent - because it is a true logistics heart. The cargo flows here move not only east to west, but also north to south," said Tusk. According to Polish Radio, the Slawkow Euroterminal is unique in the European Union as the only broad-gauge rail gateway for freight arriving from Ukraine and Asia. It lies at the junction of the westernmost broad-gauge railway line (1,520 mm) and standard-gauge lines (1,435 mm), enabling seamless transshipment of containers between Asia and Western Europe, including via Ukraine.
Russia Today
26-05-2025
- Business
- Russia Today
Poland wants to ‘earn big money' on Ukraine
Poland intends to profit from Ukraine's post-conflict reconstruction, Prime Minister Donald Tusk has said. During a visit to the Euroterminal Slawkow railway facility in the south of the country on Monday, Tusk pitched the expansion of the site into a key hub for materials bound for Ukraine. 'It is not wrong to say: we want to earn big money for Poland on the reconstruction of Ukraine,' he told reporters. 'We want to help, but we also want to earn money on it, and this special hub is needed for this purpose.' Poland has been one of Ukraine's top donors since the conflict with Russia escalated in 2022, providing over €5.1 billion ($5.7 billion) in aid – more than 70% of it military – according to Germany's Kiel Institute. Warsaw is also part of the so-called 'coalition of the willing,' a group of European nations advocating continued military aid for Kiev. Polish officials have repeatedly urged EU-wide militarization in response to what they describe as a growing threat from Russia – claims that Moscow has repeatedly dismissed as 'nonsense' and 'fearmongering.' The Euroterminal Slawkow, established in 2010, lies near the intersection of Pan-European Transport Corridors III and VI. It currently supports regular connections within Poland, Lithuania, Germany, Italy, and several Ukrainian locations. According to Tusk, the terminal has the potential to become a major transshipment center, thanks to its location at the junction of rail lines linking Western Europe with Ukraine and Asia. Tusk complained about Poland's minimal role in reconstruction efforts after the Iraq War, insisting that the country will not be sidelined again. 'It cannot be like it used to be... where everyone got involved, including Poland, and then the bigger players made money on the reconstruction, and Poland was left out in the cold,' he said. 'If we are talking about tens, hundreds of billions of zloty that the world, Europe, Poland, Ukraine will spend on the reconstruction, then among other things we are expanding this logistics hub... so that Poland can make money on it,' he concluded. The World Bank estimates that Ukraine's recovery could cost more than $500 billion over the next decade. Some EU countries, including Poland, have suggested using frozen Russian sovereign assets to fund the effort. Others, however, have warned that doing so without clear legal grounds could set a dangerous precedent and discourage global investment in Europe. Moscow has condemned the proposed move as 'theft' and threatened to retaliate against Western investments in Russia.
