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CFR Seeks To Upgrade 80 Km Of Railway For EUR1B
Romania’s state-owned railway company CFR seeks to upgrade 80 kilometers of railway in Arad county, western Romania, for an estimated EUR1 billion.
2013 In Review: Ten Most Important Events In Transport Infrastructure Industry
The year 2013 saw the termination of a contract considered disadvantageous for Romania (the construction of the Transylvania Highway by the US-based Bechtel), as well as the failure to priva...
Romanian Railway Company CFR Repairs Just 10 Km Of Rail Annually
Romania’s state-owned railway company CFR has major delays in its railway rehabilitation program, as 8,000 km out of a network of 10,700 km require capital repairs and the company barely rep...
Alpine Leaves Roads, Railways, Office Spaces Unfinished In Romania
Austrian company Alpine Bau will no longer build 16 km of highway, 50 km of railway and an office building in Romania, as it filed for bankruptcy in Austria.
Money For Badly Needed Repairs Of Railroad Tracks Can Only Cover 13 Km Out Of 5,900 Km
Almost half the Romanian railway network needs capital repair works, but existing lines have received only EUR18 million from the state budget for such works. The bulk of the overall public...
EU Approves EUR751M Financing For Romanian Railway Upgrade
The European Commission on Thursday approved financing of EUR751 million to Romania for the upgrade of a railway section that will cost EUR884 million.
Romanian Railway Employees Stage Spontaneous Strike, Dozens Of Trains Held Up
A part of the employees of Romania’s passenger railway company CFR Calatori went on a wildcat strike for two hours Wednesday morning, preventing 89 trains from leaving on time and stopping d...
New Owners Of Rail Car Producer Astra Will Invest EUR10M In Upgrades In First Year
German investor Thomas Manns, who has bought Romanian railroad car manufacturers Astra Vagoane Marfa, Meva and Romvag, will invest up to EUR10 million in upgrades in the first year and will...
Railroad Car King Cristi Burci Leaves Industry After Finally Finding Investor For His Factories
The deal whereby railroad car manufacturers Astra Vagoane Arad, Meva SA and Romvag Caracal were sold for EUR30 million comes after more than one year of negotiations and search for investors...