“In 2021 LTE-Rail Romania transported a higher volume of goods, by 32% compared with 2020 (…) For 2022 we estimate an increase in revenue of about 15% compared with the previous year,” George Glavan, general manager of LTE Rail Romania, told ZF.
He also said that in 2016-2018 the company invested about EUR13 million in electric locomotives of the “Transmontana” type, produced in Craiova by Softronic.
“We are currently in negotiations with Softronic for the purchase of five new “Transmontana” locomotives to be delivered over the next two years; the new investment stands at about EUR20 million,” he added.
The Austrian LTE Group is present in several European countries with rail freight activities.
(English version by Loredana Fratila-Cristescu)