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Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

CFR Infrastructura launches EUR 815 mln tender for upgrading Timisoara-Arad railway

CFR Infrastructura, the company that manages Romania’s railway network, published on Monday, October 19, the tender announcement for modernizing the Timisoara - Arad railway line, Economica.net reported.

The contract is estimated at RON 3.92 billion (EUR 815 million).

The line has a length of 70 km and is part of the 160-km Caransebes-Timisoara-Arad route, an integral part of the Large Infrastructure Operational Program - LIOP.

The entire route is estimated to cost RON 8.8 bln (EUR 1.8 bln). The deadline for submitting bids is November 23, 2020.

On September 4, the Transport Ministry approved the technical-economic indicators for modernizing the Caransebes-Timisoara-Arad railway.

The project aims to double the railway line along its entire length (except for the distance between Aradu Nou and Arad, where a new segment needs to be built), and increase the traffic speed to 160 km/h for passenger trains, respectively 120 km/h for freight trains.

The tender launched by the Transport Ministry also includes a suspensive clause, which stipulates that the signing of the contract for the design and execution of works will be done only after ensuring the source of financing.

It is estimated that the period during which the clause applies is 12 months from the approval of the procedural report.

(Photo: 88and84/ Dreamstime)

[email protected]

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Profile picture for user andreich
Andrei Chirileasa
Editor-in-Chief

Andrei studied finance at the Bucharest Academy of Economic Studies and started his journalism career in 2004 with Ziarul Financiar, the leading financial newspaper in Romania, where he worked for ten years, the last six of which as editor of the capital markets section. He joined the Romania-Insider.com team in 2014 as editor and became Editor-in-Chief in 2016. He currently oversees the daily content published on Romania-Insider.com and likes to stay up to date with everything relevant in business, politics, and life in Romania. Andrei lives with his family in the countryside in Northern Romania, where he built their own house. In his free time, he studies horticulture and tends to his family’s garden. He enjoys foraging in the woods and long walks on the hills and valleys around his village. Email him for story ideas and interviews at [email protected] 

 

CFR Infrastructura launches EUR 815 mln tender for upgrading Timisoara-Arad railway

CFR Infrastructura, the company that manages Romania’s railway network, published on Monday, October 19, the tender announcement for modernizing the Timisoara - Arad railway line, Economica.net reported.

The contract is estimated at RON 3.92 billion (EUR 815 million).

The line has a length of 70 km and is part of the 160-km Caransebes-Timisoara-Arad route, an integral part of the Large Infrastructure Operational Program - LIOP.

The entire route is estimated to cost RON 8.8 bln (EUR 1.8 bln). The deadline for submitting bids is November 23, 2020.

On September 4, the Transport Ministry approved the technical-economic indicators for modernizing the Caransebes-Timisoara-Arad railway.

The project aims to double the railway line along its entire length (except for the distance between Aradu Nou and Arad, where a new segment needs to be built), and increase the traffic speed to 160 km/h for passenger trains, respectively 120 km/h for freight trains.

The tender launched by the Transport Ministry also includes a suspensive clause, which stipulates that the signing of the contract for the design and execution of works will be done only after ensuring the source of financing.

It is estimated that the period during which the clause applies is 12 months from the approval of the procedural report.

(Photo: 88and84/ Dreamstime)

[email protected]

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