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Infrastructure: Railway needs investments of 17.4 billion lei, four time more than government offers
The National Railway Company CFR estimates that railway infrastructure needs this year investments of 17.4 billion lei (3.9 billion euros), four times more than the financing allocated by the government of 4.6 billion lei. This situation will affect the company in the years to come.
Most of the total amount needed for the main repair works for the public railway infrastructural for 2015 - 10.408 billion lei, will be used for modernization through investments for the increase of train speed, according to a document elaborated by CFR on company activity.
Another 5.719 billion lei is needed for capital repairs of public railway infrastructure, for the recovery of 1,000 km of direct and current tracks, the repair of tracks and installations affected by calamities as well as for the rehabilitation of bridges and tunnels.
CFR representatives show in the document that another 1.331 billion lei is needed to maintain tracks and installations and capital repairs for tracks, bridges and installations.
The amounts mentioned represent the money needed by the company for maintenance and capital repair works for the public railway infrastructure. These resources should be allocated from the state budget, CFR being the company which administers the public railway infrastructure owned by the Romanian state, CFR representatives told Mediafax.
The budget allocation for railway infrastructure approved at the end of 2014 for 2015 is 4.609 billion lei. CFR investments made last year (2.317 billion lei) are half the amount allocated by the government this year. In 2016 CFR cannot receive more than 5.54 billion lei for next year s investments, the document shows.