November 17 (SeeNews) - Romanian railway operator CFR said on Thursday it has signed a contract worth 2.18 billion lei ($458 million/442 million euro) with Italian companies WeBuild, Partecipazioni Italia and Salcef for the upgrade of a railway section.
The contract has a duration of 42 months, including six months for the design stage and 36 months for the execution stage, CFR said in a press release.
The 54.86-kilometre section between Ronat Triaj and Arad is part of the 162 km Caransebes-Timisoara-Arad railway line.
Following the upgrades, the railway will support travel speed of up to 160 km/h for passenger trains and 120 km/h for freight trains.
The financing is provided from non-reimbursable funds under the EU-backed National Plan for Recovery and Resilience, PNRR.
Earlier this month, the same consortium signed a contract worth 1.44 billion lei for the upgrade of the 13.86 km-long Timisoara Est and Ronat Triaj railway segment, part of the same railway section.
CFR was founded in 1880 and currently manages approximately 10,628 km of railway infrastructure.
(1 euro=4.9267 lei)
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