Prime Minister Victor Ponta said earlier the Government would approve the contract Wednesday and the document would be sent to the country’s high defense body CSAT.
Grup Feroviar Roman is the biggest private railway transport company in Romania and is part of Grampet group, owned by Gruia Stoica.
It recently won an auction organized by the Transport Ministry to privatize CFR Marfa and offered EUR202 million for a 51% stake in the railway operator. GFR also committed to invest RON900 million in the company and another EUR1.5 million in environmental projects.
Stoica told Mediafax Tuesday GFR is holding talks with major international financial institutions to obtain financing to take over CFR Marfa.
“GFR/Grampet is a bankable company, with no debts to the state budget, and will pay the money offered for CFR Marfa,” Stoica said, adding that the company has already paid the EUR10 million guarantee stated in the taskbook.
President Traian Basescu said Monday the firm that won the auction to take over CFR Marfa lacks the money needed to seal the deal and is seeking financing from banks.