about us | newsletter | contact | archive | members area
Gheorghe Ciubotaru, Electroalfa
We are witnessing a continuous process of adaptation to the mechanisms in the market»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

CFR signs financing contracts of 700 million Euros with EC

The National Railway Company (CFR) signed a financing contract with the European Commission (INEA- Innovation and Networks Executive Agency) for four railway projects of 686 million Euro, as part of Connecting Europe Facility (CEF) Programme, CFR informs in a press release. National co-financing of 15 per cent will be made from the state budget.

2016-01-07 14:45:09

The most important project approved and financed 85 per cent by the European Commission is modernizing the railway connection between Brasov and Sighisoara, Brasov-Apata section and Cata-Sighisoara, worth 677,739,059 Euro. The main target of the project is to promote sustainable mobility along the Rhine-Danube Corridor, by increasing train speed, reducing travel time for passenger and goods trains , increasing traffic safety by introducing modern traffic management and signalling systems and last but not least, environment protection according to new EU interoperability standards and regulations.

Another project with eligible budget of 1,073,945 euros is about improving institutional capacity and project implementation within CFR, in order to ensure higher quality, efficiency and transparency in managing EU funds to prepare in time implementation of railway infrastructure in Romania, related to TEN-T network eligible for financing through financial instruments offered by EC to member states over 2014- 2020.

According to the CFR press release, the updated feasibility study for rehabilitation of Craiova- Calafat railway is the third project financed by grant of 1,476,345.45 euros (85% FEN). The aim of the project is to update documents according to Technical Standards of Interoperability, taking into account provisions of demands for passenger and goods traffic at national and international levels, as well as launching tender procedures for works design and execution.

The last project with approved financing refers to the feasibility study to rehabilitate Craiova-Drobeta Turnu Severin-Caransebes railway, to benefit from grant of 8,432,425 euros (85% FEN). The aim of the project is to draw up documents for the feasibility study with standards imposed by European corridors and the immediate launch of tender procedures for the design and execution of works on that section.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  21010 Views
Daily Info
Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from the N...

Continental to list powertrain division mid-2019

Continental is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the car-parts maker's biggest overhaul in decades.

Porsche Engineering Romania relocates its headquarters in Cluj-Napoca

Two years after its official opening event, Porsche Engineering Romania inaugurated its new headquarters in Vivido Business Center in Cluj.

Dacia posts half-year sales record

Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sales r...

Industry 4.0: EIB supports construction of new Arctic factory in Romania

The European Investment Bank (EIB) is lending 68 million Euro to white goods producer Arctic to finance the construction of a large-scale washing machine production plant feat...

 
 
   
advertising

advertising

advertising

advertising

More on News
Anca Jurma named interim chief prosecutor of Romanian anti-corruption agency

Prosecutor Anca Jurma has been named the interim chief prosecutor of the Romanian anti-corruption agency (DNA) following an order by the General Prosecutor Augustin Lazar. ...

2 Comments

Engie acquires Romanian IoT company Flashnet, specialized in Smart Public Lighting

ENGIE announces the acquisition of 60 per cent of Flashnet, a Romanian Internet of Things (IoT) company.

Dacia posts half-year sales record

Dacia posted a half-year sales record in Europe with 281,225 vehicle registrations (up 14.6 per cent) and a record 2.9 per cent share of the market, according to world sale...

Romanian M&A market speeds up in Q2, says Deloitte

The M&A market in Romania marked a significant recovery in the second quarter of this year, reaching 391 million Euro, compared with 258 million Euro in the first three mon...

1 Comment

Healthy Central European private equity activity levels set to continue, says Deloitte

The strong momentum underway in Central Europe's private equity markets should continue, according to the latest Deloitte Central Europe Private Equity Confidence Survey.

1 Comment

Vardinogiannis Group finalized the acquisition of Marfin Bank in Romania

Vardinogiannis Group, one of the most solid and well capitalized business conglomerates in Europe, finalized the acqusition of Marfin Bank, after receiving approval from th...

Continental to list powertrain division mid-2019

Continental is moving ahead with an initial public offering of its powertrain unit and new corporate structure in the car-parts maker's biggest overhaul in decades.