The EBRD announced at the end of 2012 it granted a EUR175 million loan to CFR SA to help it restructure its balance and pay off its debts.
The loan, granted in two tranches is part of a larger restructuring program for CFR, totaling EUR1.2 billion.
CFR used the first tranche of the loan, of EUR110 million, to reschedule a loan from the Finance Ministry, and plans to use the remaining EUR1.23 million for a consultant.
The railway company should start selection procedures for a consultant in the second quarter of this year, EBRD announced.