Percorso:ANSA > Nuova Europa > Transport > Romania, Eur 440 mln EU funds for railway modernisation
Romania, Eur 440 mln EU funds for railway modernisation
Part of Connecting Europe Facility Program
19 July, 15:50
(ANSA) - TRIESTE - The European Commission approved 440
million euros of funds to help the modernisation of Romania's
railway network in the framework of the Connecting Europe
Facility (Cef) program. The funds will be used for modernising
the Apata-Cata segment, which is a part of the Rhine-Danube
corridor. The improvements should allow trains to travel at
160km/h along the segment.
The EU funds will cover 82% of the total investment, which amounts to 538 million euros, while the Romanian government will sustain the initiative with 98 million euros in 2016-2020 and with additional 167 million in 2021-2023. (ANSA).
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The EU funds will cover 82% of the total investment, which amounts to 538 million euros, while the Romanian government will sustain the initiative with 98 million euros in 2016-2020 and with additional 167 million in 2021-2023. (ANSA).
