Romania plans to invest up to EUR 7 bln in railways in five years

Investments in Romania's railway system will reach EUR 7 billion in the next five years, as investors from around the world are interested in the opportunities offered by Romania in this field, Secretary General of the Association of Romania's Railway Industry (AIF) Stefan Roseanu told Agerpres newswire. 'Romania will invest between EUR 6 and 7 billion in the next five years, which will turn the country into a magnet for investors. If we get the right prioritisation in this area, then Romania's railways will become important domestically as well, since at the level of the European Union, railway is top priority,' Roseanu said at InnoTrans, the world's largest rail industry convention. He added that the investments envisaged will be in 400 km of rebuilt railways on Corridor IV, between Curtici and Constanta. Romania's underground passenger transport system will grow by 15-20 km of new rails and investment could also be conducted into the signalling system and rolling stock. AGERPRES