CFR signs EUR 479 million of contracts for modernization works
National railway company CFR has signed a total of EUR 479 million of contracts with different construction consortiums, for modernization works on the railway network March 2012 - From the Print Edition
The first such deal, worth EUR 248 million, was signed with a consortium formed of companies Astaldi, Swietelsky, Alstom, Euro Construct and Dafora, which will modernize the Curtici-Arad route, with the completion deadline set for one year and three months. The second deal, worth EUR 208 million, covers upgrades to the Sighisoara-Atel (Sibiu) track section, which will be carried out by a consortium made up of FCC Construction, Alpine and AZVI. The execution time is set for three years.
The two contracts are 85 percent financed by EC funds, with the State putting up the rest. Another EUR 6.3 million deal has been signed by CFR with a consortium formed of Sociedad Anonima, De Obras Y Servicios, Copasa and Labracom Construct Oradea. It covers modernization works at Zalau railway station, set to last for one year and five months. Three more railway stations will be modernized for a total of EUR 16.6 million with the completion date for works set for two years’ time. The financing for the contracts will be almost 70 percent secured by the EC.
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