CFR Marfa wins EUR 29 million contract

Following an open tender, CET Govora has assigned to the Romanian national freight transport operator, CFR Marfa, a contract of RON 132.5 million (EUR 28.8 million). Thus, CFR Marfa will provide coal transport services from Berbesti and Alunu deposits to the discharging scaffold bridges of CET Govora.

The contract attribution criterion was the lowest price and CFR Marfa was the only company to submit a bid in the tender. The volumes carried amounts to 8.4 million tonnes of coal on Berbesti-Alunu route to CET Govora platform. The contract will be carried out until 2021.

Thermal and electric energy supplier CET Govora, currently in insolvency, announced it paid all current arrears to its commercial partners starting from the opening of the procedure and up to September 2017 amounting to RON 510 million. The company also announced a series of economic recovery measures.

We recall that CFR Marfa estimates losses of RON 137 million in the rectified income and expenditure budget for 2017, compared to the RON 290,000 estimated in the previous variant (of March 2017), as salary expenditure increased with the amounts dedicated to overtime work hours and meal tickets.

Also, the 2017 rectified income and expenditure budget estimates total incomes of RON 823.3 million, down from RON 875.5 million estimated in the budget previously published by the Romanian Ministry of Transport.

CFR Marfa’s total expenditure for 2017 amount to RON 960.5 million of which goods and services expenditure amounts to RON 462.2 million, while taxes and interests amount to RON 6.1 million.


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