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Bucharest
September 27, 2022
BUSINESS

Privatisation of CFR Marfa to be resumed this year

The privatisation of CFR Marfa will be resumed this year, but it will be conducted through the new Privatisation Department which will operate under the Ministry of Economy, Transport Minister Dan Sova announced late on Monday at the public TV station. As to last year’s failure of privatising CFR Marfa, the transport minister said that the authorities cannot be accused of that, because they did their job. In this respect, Sova stated at a press conference yesterday that 2,500 employees of CFR Marfa will be laid off by the end of the year, as part of personnel cutbacks agreed-upon with the International Monetary Fund.
Sova also stated yesterday that the Ministry of Transport plans to give an additional 13 percent of Constanta Port shares to Constanta town hall, and sell 14 percent on the stock exchange, a measure that would be advantageous because it would turn CFR Marfa into a public company, and all operations would be more transparent.
In an interview for TVR, Sova announced the National Road Company will approve the termination of the contract concluded with Italian company Impregilo on building the third section of A1 Sibiu – Orastie highway. The termination was generated by disagreements between the authorities and contractors over solutions for areas affected by landslides. Another bid will be held for this contract, which has already been delayed for 18 months, by fall, and, according to Minister Sova, it would be finalized in 2015. The demands made by Impregilo are illegal and unrecognized by experts, Sova argued.

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