Works on the 70.4-kilometer rail section should be completed in 30 months and financing will be ensured from non-reimbursable EU funds (85%) and the state budget (15%), CFR said in a press release Friday.
Besides upgrades on the railway tracks, works include the construction and/or rehabilitation of 17 railway bridges and eight passageways, electrification, railway communications, civil engineering and environmental protection.
Railway upgrades will allow passenger trains to run at speeds of 160 km/ hour and freight trains to reach speeds of 120 km/ hour.
The Coslariu-Simeria railway section is part of the fourth pan-European transport corridor.
Impresa Pizzaroti specializes in transport and energy infrastructure, as well as in civil engineering.
(EUR1=RON4.3530)