Government decided with IMF to loan or close down 1,600 km of railroad

The government decided with IMF to close down or rent over 700 km of railroad and to apply the same procedures for another 900 km and obtain savings estimated at 70 million lei annually. The figures are included in the letter of intention with IMF in negotiations taking place this month. “We will approve the rental or closing down of over 700 km of railroad until the end of 2013. We intend ...

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