Moldovan Railways (CFM) plans to launch a tender for the acquisition of 10 new multi-system locomotives in April, said Iurii Topala, the company’s general manager. The project requires EUR 110 million, including grants. The deadline is 60 days for the acquisition of the tender book and one month for announcing the winner.
According to the tender book, the locomotives should be delivered in 12 months, but “the vehicles could be purchased earlier, depending on the manufacturer’s availability. By the end of the year, we are hoping to have some new locomotives and commission the rest in 2017”, explained Topala.
EBRD and EIB have agreed to finance CFM’s project. EBRD will grant EUR 52.5 million. The first tranche is worth EUR 27.5 million, while the second tranche is worth EUR 25 million. The first tranche will be used to buy locomotives, while the second tranche will be used to upgrade the railway infrastructure.
In parallel, the EIB will grant a similar credit to support the project. The two parties will sign the financing agreement.
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