Marius Chiper (CFR): Close to EUR 2.7 bln to be invested in Romania’s railway sector

Georgiana Bendre 24/05/2017 | 16:01

Close to EUR 2.7 billion will be invested in the railway sector in the 2014-2020 programming period, according to Marius Chiper, the general director of state-owned railway operator CFR.

„All the amounts that we have allocated on POIM ( Operational Program of Large Infrastructure) is close to EUR 1.5 billion and on CEF (Connecting European Facilities) segment is EUR 1.2 billion. Therefore, close to EUR 2.7 billion are certain to be invested in the railway sector. We want more because our projects amount more, but it also depends on the contracting manner and the execution of these contracts in the sense of the consumption of allocated money. I can say that we’ll have for sure over-contracting within this amount, to ensure a cash flow and a linear consumption, to allow the consumption of this money on several projects in the case one doesn’t work or something happens,” said Chiper.

Country-FocusInterested in foreign investments in Romania? Join the strongest foreign business communities to assess the implication of the new economic outlook at the Country Focus Community Forum – Be Connected. Be Stronger. – June 13-14, Bucharest

Acording to him, two contract in value of RON 3.45 billion, without VAT, for the rehabilitation of the railway sections 614 — Cap Y Barzava (2a) and Barzava (cap Y) — Ilteu (cap Y) (2b), on the main Axis TEN-T 22 (Corridor IV Pan-European) Nürnberg — Prague— Vienna — Budapest — Curtici — Simeria — Brasov — Bucharest — Constanta,  will ensure the absorption of European funds for 50 percent of the absorption campaign 2014-2020.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Georgiana Bendre | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of business-review.eu
    I agree with the storage and handling of my data by business-review.eu
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue