Romania's CFR signs 1.44 bln lei (294 mln euro) contract for railway upgrades

The contract has a duration of 42 months, of which six months for the design stage and 36 months for the execution stage, CFR said in a press release.

The targeted railway segment between Timisoara Est and Ronat Triaj has a length of 13.86 km and is part of the 162 km-long Caransebes-Timisoara-Arad railway section.

Following modernisation works, the railway will support travel speed of up to 160 km/h for passenger trains and 120 km/h for freight trains.

The investment will also include the modernisation of a number of passages, railway stations and the installation of solar panels on top of some CFR buildings.

The financing is provided from non-reimbursable funds under the EU-backed National Plan for Recovery and Resilience, PNRR.

CFR was founded in 1880 and currently manages approximately 10,628 km of railway infrastructure.

(1 euro=4.8876 lei)