CFR general manager Macarie Moldovan said in a statement that the operation represents one of Romania’s commitments to the International Monetary Fund (IMF) included in a program aimed at rendering the country’s rail system more efficient and cutting costs.

The contract for the lease of 1,079.9 km of rail sections will be awarded to the highest bidder and will be concluded for a four-year period.

Interested bidders have until July 21 to file offers. The winning firms are also obliged to take on the CFR staff employed by these sections.

Bidders may file offers for one or more rail sections managed by CFR’s regional branches in Bucharest, Craiova, Timisoara, Cluj, Brasov, Iasi, Galati and Constanta.