Romania To Lease, Close Over 2000 Km Of Railroad, To Save Money

Romania's Government has decided to lease 1,000 km of public railroad and close another 1,000 km, in an effort to save 109 million lei (EUR25.6 million) from the railway company budgets, as per a previous agreement with the International Monetary Fund.

58 views

The decision was taken in the Government's Wednesday meeting.

Starting in 2004, Romania has leased more than 2000 km of the public railroad network to private operators.

The Government has promised the International Monetary Fund to close 20% of the country's railroad network, about 4,000 kilometers of railway lines, unless it finds investors to ensure their maintenance.

According to the most recent data, Romania's railroad network is 20,210 km long, including 17,691 km in public management and 2,519 km in private management.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.