RAILWAY
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How The New Head Of CFR Calatori Plans To Balance The Company Out
Despite having received state subsidies of EUR1.6 billion in the past five years, state-run passenger railway carrier CFR Calatori is still unable to cover its costs from ticket sales, while...
Freight Carrier Grup Feroviar Roman Posts Six-Fold Higher Profit In 2011
Grup Feroviar Roman (GFR), the largest private railway freight carrier in the country, saw its net profit increase six-fold last year to 28.7 million lei (almost EUR6.5 million) and expects...
Servtrans Owner Gets 800 Railroad Cars, Prepares Company Sale
Railway transport company Servtrans Invest, controlled by businessman Cristian Burci and insolvent since last summer, took over the lease for 838 freight cars signed with BCR Leasing.
Romanian Railway Admin Signs EUR183.5M Contracts For Infrastructure Projects
Romanian railway administrator CFR on Thursday signed nine contracts, worth a total EUR183.5 million and financed from European funds, for infrastructure upgrade projects.
CFR To Hold New Auction To Lease 13 Railway Sections
Romanian railway operator CFR will organize a new open outcry auction on May 2 to lease 13 sections of the public railroad network in Bucharest, Timisoara, Brasov and Iasi.
Astaldi Won Contracts Worth EUR700 Million In Romania Last Year
Italian construction company Astaldi, which built the Basarab Overpass and the National Arena stadium in Bucharest, won contracts worth a total of EUR702 milion last year. The contracts were...
EU Approves EUR771M Financing For Romanian Railway Upgrades
The European Commission has approved total financing of EUR771 million to Romania for the upgrade of two railway segments that will cost EUR944 million, and is expected to approve financing...
Romanian Industrialist Will Deliver Railroad Cars To Brazil In EUR100M Contract
Valer Blidar, one of the leading Romanian industrialists, who controls railway car producer Astra Vagoane Calatori and founder of Banca Comerciala Feroviara, has won a EUR100 million contrac...
Plane Beats Train In Bucharest, At Last
More planes land on the Henri Coanda (Otopeni) Airport in Bucharest now than trains entered the Bucharest main train station (Gara de Nord - North Station) after ten years during which deman...