ECONOMY

EUR 440 M in European grants for the upgrading of 46 km of railway

The European Commission has approved the EUR 440 M financing request filed by the CFR SA national railway company for the upgrading of the Apata-Cata railway section, as part of the Connecting Europe Facility Programme, the company announced on Monday.

The project filed by CFR SA has received EUR 440 M in European Commission grants, representing 81.74 percent of the total value of the project (EUR 538.3 M). The co-financing will come from the state budget, and will consist of EUR 98.3 M in 2016-2020 and EUR 167.5 M in 2021-2023.

Having a length of 46 km, the Apata-Cata railway section represents an important part of the project to upgrade the Brasov-Sighisoara railway line (128 km), a component of the Rhine-Danube Corridor, for the use of trains having a maximum speed of 160 km/h.

By attracting these European grants, CFR SA ensures the continuity of the railway infrastructure upgrade programmes pledged through the Large Infrastructure Operational Programme and directly contributes to the attainment of the goal to upgrade the northern branch of the 4th Railway Corridor, a branch that extends from Curtici to Brasov and Constanta. This also contributes to the scheduled absorption of European grants.

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