KUKE and Alstom sign billion-euro strategic cooperation agreement to increase export projects in Poland
The agreement will facilitate contract execution and securing financing for buyers for international market tenders. This is the first time a global corporation will use a new solution introduced by KUKE.
The Alstom Group has signed a one-billion-euro partnership agreement with Polish export credit agency KUKE. This new strategic partnership agreement will support Alstom by facilitating contract executions and securing financing for buyers for international market tenders. With an available limit of one billion euro, the agreement outlines the terms of cooperation that will strengthen and enhance the strategic contributions of Polish industrial stakeholders under the framework of Alstom export contracts insured by KUKE.
As a leader in smart and sustainable mobility, the Alstom Group successfully executes a variety of projects around the world. These include the latest technologies such as building high-speed railways or working on zero-emission transport systems in addition to producing modern metro trains, such as metros for Dubai, Riyadh, Amsterdam, and Budapest as well as high-end trains such as the ICNG for the Netherlands. In Poland, export projects, enabled by agreements like the one with KUKE, empower Polish companies to expand their business and build international recognition while gaining valuable skills and experience. Alstom Group is currently considering using KUKE's support in several future projects across the globe. Alstom is also a leader of signalling solutions in Polish railway market and the Group has already announced its plan to hire an additional 400 experts in Poland.
This is the first time a global corporation will use this new tool designed by KUKE. Only a few Export Credit Agencies have put similar innovative solutions in place, encouraging the largest players in their industries to invest and develop technology. Despite the pandemic and protectionist tendencies in world trade, the functioning of the global economy continues to rely on internationalized supply chains involving producers from many countries. To make the leap, Polish companies must fit into this system, gaining global leaders as partners.
Alstom has been working with KUKE for many years, including in 2018 when Alstom’s Konstal site in Chorzów, Poland manufactured cars for the iconic Dubai Route 2020 Metro Project.