“If CFR Calatori cannot be recapitalized with resources from the budget, I will propose taking out a loan,” said Fenechiu. Another solution would be selling the company or looking for a private partner to ensure the needed capital, he added.
According to Fenechiu, CFR Calatori, which has huge debts, is going through a tough period and a solution must be found to put the company back on track.
Last year, the railway carrier registered loss of about 1 billion lei (EUR0.22 billion) and debts of over RON1 billion. (EUR1=RON4.4514)