The contracts have been signed within Connecting Europe Facility (CEF) program, and the national co-financing will be 15% covered from the state budget, CFR SA said in a statement Wednesday.
“The accession of the funds through Connecting Europe Facility represents a feasible financing alternative for railway projects, which will lead to the completion of Romania’s strategic objectives and the completion of CFR objectives, implicitly,” said Marius Chiper, CFR SA general manager.
Connecting Europe Facility (CEF) program is an EU funding instrument to promote growth, jobs and competitiveness through targeted infrastructure investment at European level. It supports the development of high performing, sustainable and efficiently interconnected trans-European networks in the fields of transport, energy and digital services.