Following upgrade, fuel and train maintenance expenses will be four times lower. Costs will be reduced annually by at least EUR500,000 per train. The value of the project reaches about EUR2.2 million, said the company.

Remar Pașcani is in advanced negotiations with countries in the Commonwealth of Independent States to sign contracts for the reconstruction and upgrade of over 100 trains, reads the press release.

Remar Pascani is part of group Grampet, controlled by businessman Gruia Stoica. Grampet is made up of 17 companies, among which railway freight carrier Grup Feroviar Roman, Remar Pascani, Reva Simeria and Grampet Debrecen (Hungary).

The group operates in Romania, Bulgaria, Hungary, the Republic of Moldova, Ukraine, Serbia, Germany and Austria.

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