Monster deal: CFR looking to spend EUR 1 bln on upgrading 80 km of railroad track

Newsroom 25/02/2014 | 12:25

Romania’s state-owned railway company CFR seeks to upgrade 80 kilometers of railway in Arad county, western Romania, for an estimated EUR1 billion.

The railroad company has open the bidding for offers from companies in the industry to upgrade 80.8 kilometers of railroad track in Arad County, the project being split in two sections, with a total estimated value of RON 4.71 billion (EUR 1.04 billion), with included VAT.

The first section (KM 614 – Head Y Barzava) of the project has an estimated value of RON 1.77 billion (without VAT) and covers 44.7 kilometers of railway. The second section (Head Y Barzava – Head Y Ilteu) has 32.1 kilometers of track and the modernization works will cost RON 2.02 billion, without VAT.

The limited public auction will select contractors based on the lowest offered price. CFR recently announced another modernization contract for 60 kilometers of railway in Hunedoara county, with an estimated value of EUR1.2 billion with VAT.

These projects are on the Government’s list for projects that will partly be financed with non-reimbursable European loans, reimbursable loans and from the state budget.

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