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Bucharest
June 28, 2022
BUSINESS

Gov’t and CFR lost over 800 railroad carriages

If the privatisation of the Caile Ferate Romane (CFR) company is further delayed for long, or if private managers will not take the reins soon, the company risks losing most of its valuable assets, Romania Libera informs. Hundreds of carriages left the patrimony of the state-controlled railway operator, according to a report of the Control Body of Prime Minister Emil Boc. Out of 894 freight cars, administrative cars and locomotives, 841 no longer exist, after being impounded. To avoid criticism about selling the cars too cheap, and also to avoid the auctions required by law, railway companies fail to meet their contract obligations, or do not pay their dues to the state. As a consequence, their assets are impounded and the operators are executed, thus losing their rolling stock for debts that are significantly lower than the real value of the assets they lose. When asked about the number of carriages and locomotives lost by their companies over the interval mentioned by the Government’s document, the managers of CFR Calatori and CFR Marfa contradict the report of the Control Body of PM Emil Boc and say that no asset was lost after being impounded.

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