Solaris is winning over European cities through the support of KUKE and Santander Bank Polska
Solaris won a tender for the supply of buses to Madrid and Barcelona through the financial support of KUKE and Santander Bank Polska.
What with the return of the freedom to travel after the pandemic, Polish tourists visiting Madrid will be able to get around Spain’s capital on buses made by the Polish company Solaris. The company has just won a contract for the supply of 250 natural gas (CNG) vehicles to EMT, a company providing public transport bus services in the Spanish capital. A year earlier, Solaris won a tender for the supply of 30 vehicles to Barcelona. In both cases, Solaris competed against other producers with the financial support of KUKE and Santander Bank Polska.
The contract in Madrid is worth EUR 68.6 million, while the one in Barcelona is worth EUR 10.4 million.
Last year, Solaris signed an agreement with the Management Board of the Municipal Bus Transport Company in Warsaw for the supply of 70 natural gas (CNG) vehicles to Poland’s capital. The value of the contract, which was supported by KUKE’s contract performance bond, was PLN 116 million.
KUKE has for years been supporting projects executed by Polish entrepreneurs outside Poland’s borders, both by granting direct guarantees and counter-guarantees to the guarantees issued by banks. The insurer recently modified its offering for export contract guarantees granted with the support of the State Treasury, simplifying the procedures involved and the documentation requirements and extending the scope of the goods and services covered by it, as well as their application possibilities.
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In 2020, KUKE supported 62 export projects worth over PLN 5 billion with its guarantees. The total sum of granted guarantees has grown dynamically in recent years. In 2019, it came to PLN 395 million, and – despite the pandemic – reached PLN 460 million the following year.
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