EIB provides EUR 630 mln for Brașov-Sighișoara railway upgrade in Romania
The modernized line will carry passenger trains at up to 160 km/h while removing a major bottleneck on two strategic European transport corridors.
Irina Marica · Journalist
· 2 min read
The European Investment Bank (EIB) announced that it signed a EUR 630 million financing agreement with Romania to upgrade the railway between Brașov and Sighișoara. The 113 km project has a total estimated cost of EUR 2.25 billion and will also be supported by EU funding and a Romanian state contribution.
The works cover the existing double-track, electrified railway in central Romania. Once completed, the upgrade is expected to increase capacity for both passenger and freight services while reducing journey times and improving reliability and safety, EIB said.
