The contract concluded between state-owned railway company CFR SA and the consortium FCC Construccion – Alpine Bau – Azvi – Straco Grup will run for 30 months.
Financing will be ensured from European Union funds (85%) and the state budget (15%).
Upgrade works on the Vintu de Jos-Simeria rail section, which is part of the fourth pan-European transport corridor, have a two-year guarantee period.
Upgrades on railways on the fourth pan-European transport corridor target allowing passenger trains to reach speeds of 160 km/ hour and freight trains to hit 120 km/ hour.
The rehabilitation of the Vintu de Jos – Simeria rail route, part of the Coslariu – Simeria railway section, will have a positive impact on the economic growth of central counties of Alba and Hunedoara, through direct and rapid rail connections, according to CFR.