„Increasing of the rail transport attractiveness, the improvement of the travel conditions by modernizing and developing the national rail network services, TEN-T railway network modernization and electrification are among the strategy overview for the railway sector in Romania according to the General Master Plan for Transport, approved by the Government in August 2016”, Marius Chiper said at the Railway PRO Investment Summit – „Railway business opportunities in the single European transport market”, oganised at Bucharest 11 – 13 October by Club Feroviar and Railway PRO, with the support of the Romanian Railway Industry Association (AIF).
The financing needs for the 2015 – 2030 period are of EUR 4 billion for the infrastructure current maintenance, EUR 375 million for the recovery of current repair backlogs and EUR 12 billion for the recovery of renewal backlogs.
“Regarding the rehabilitation and modernisation works for the main railway lines on the TEN-T corridor network, a total of EUR 29.3 billion is needed for the 2015 – 2030 period.
Thus, EUR 2.5 billion is needed for the rehabilitation of the Rhine – Danube Corridor the Northern Branch, EUR 2.1 billion for the rehabilitation of the Rhine – Danube Corridor the Southern Branch, EUR 182 million for the rehabilitation/modernisation on the Orient/East-Med Corridor, EUR 4 billion for the rehabilitation/modernisation of the Core TEN-T network and EUR 4 billion for the rehabilitation/modernisation of the Comprehensive TEN-T network.
All this money invested in rail infrastructure are returning back to sustain the real economy throughout salary, payment of national resources, taxes and others services”, Marius Chiper added.
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