On Monday, CFR shareholders appointed a new Managing Board, which includes Sorin Mindrutescu (Oracle Romania CEO), Peter Weiss (former head of Bancpost and RBS Romania), George Micu, Florian Kubinschi and Enache Jiru.
Micu is also a member of the Executive Board of passenger railway operator CFR Calatori.
The former board was dismissed after the Transport Ministry rejected its management plan. Dimitris Sophocleous resigned from the position of general manager of CFR following the decision. He had been named general manager of CFR in January.
Micu has resumed public procurement procedures to contract consultancy and technical assistance services worth a total of 120.85 million lei (EUR27.6 million), after they had been blocked by Sophocleous, the Transport Ministry said Wednesday.
Two of the consulting service contracts concern the modernization of railway sectors Coslariu – Sighisoara and Coslariu – Simeria, and are estimated at RON68.1 million and RON47.19 million, respectively.
Financing is ensured by the state budget (15%) and from EU cohesion funds (85%). (EUR1=RON4.3668)