The European Commission approved the financing demand worth EUR 440 million for the modernisation of Apata-Cata railway section, part of CEF.
The EU financing represents 81.74% of the total investment (EUR 538.3 million). Co-financing will be ensured from the state budget, EUR 98.3 million for 2016-2020 and EUR 167.57 million for 2021-2023.
Apata-Cata railway section is part of the rehabilitation project of Brasov – Sighisoara railway, a component of the Rhine-Danube Corridor (pan-European Corridor IV), for the operation of trains at a maximum speed of 160 km/h.
“The accession of funds within CEF financing mechanism ensures the finalisation of modernisation works on railway transport corridors and contributes to meeting Romania’s strategic objectives and, implicitly, that of CFR SA, within the programming period 2014-2020 with important benefits for the whole society and direct impact on railway infrastructure development”, declared Marius Chiper, General Manager CFR SA.
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