In 2013, Metrorex had a turnover of RON526 million.
The company’s total revenues increased 8.2%, as other exploitation revenues rose 11.5% and state subsidies grew 12.4%, the company said in a statement Thursday.
Total expenditure were 2.22% lower on the year, due to cutbacks on materials, electricity and third party services.
In terms of earnings, Metrorex broke even last year.
On the other hand, operating loss (profit/loss – subsidies) were 6% lower.
Debts decreased 19.7% and overdue receivables decreased 5%.
Metrorex plans to invest over RON1.74 billion this year, of which RON1.72 billion from non-reimbursable financing, higher than last year’s investment budget of RON1.14 billion.
Metrorex was included among beneficiaries of EU funds for transport and hopes to obtain EUR1.3 billion in funding by the end of 2015.
The company’s biggest investment project currently underway is the construction of a fifth mainline. The Drumul Taberei – Eroilor section of the new mainline is scheduled to be completed in the second quarter of 2016 and the entire mainline is scheduled to be finished in 2020.
The Bucharest subway network is nearly 70 kilometers long, has four mainlines and 51 stations. Metrorex has around 4,200 employees.