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Romania to Receive EBRD Loan for CFR Traction Energy Project
CFR SA and its subsidiary CFR Electrificare have received a loan from the European Bank for Reconstruction and Development (EBRD) and intends to use its proceeds towards the cost of a project to continue modernisation and introduce cost-savings measures in management of its traction energy network. The proposed project, which has a total estimated cost of EUR 27 million equivalent (EUR 22.5 m from the Bank and EUR 4.5m in VAT and other taxes), will require the procurement of goods, works and services which include the supply and installation of equipment sets consisting of traction substations, switching equipment, railway station distance control equipment, and central dispatching equipment and communication facilities, the supply of catenary maintenance vehicles and consultancy services for contract supervision.

The tendering for the above contracts started in the second half of 2006.

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