For the next period, Moldovan Railways (CFM) plans to modernize passenger and freight transport in order to achieve transport service quality growth, the project aiming to modernize the rolling stock fleet through investment attraction. Besides, in the next period, the authorities and the company intend to implement the restructuring program.
In order to optimize the worn rolling stock, CFM plans to modernize 15 Diesel multiple units (each having four coaches) until 2014, valuing EUR 35 Million. 5 Diesel multiple units will be modernized by the end of the year.
Along with this project, 18-20 shunting locomotives will be modernized through investments of EUR 25 Million.
For the modernization of coaches, EBRD could offer the government a credit used by CFM. The rolling stock rehabilitation and usage period extension project has a total value of EUR 31.5 Million, EBRD intending to allocate EUR 25 Million during this year.
“By the end of the year, the European Bank for Reconstruction and Development could offer Moldovan Railways (CFM) a credit of EUR 25 Million for worn rolling stock fleet rehabilitation and repairs. The project’s total value is EUR 31.5 Million”, mentioned Elena Gordeeva, coordinator at the European Bank for Reconstruction and Development (EBRD).
The project aims to rehabilitate over 10 trains, each having four coaches, to optimize of management in energy efficiency benefits; the credit will also provide financing for the implementation of CFM’s restructuring action plan.
According to latest data (for 2013) the rolling stock fleet used for passenger transport comprises 399 trains.
“The project will optimize the passenger transport services provided by CFM, the energy efficiency, will contribute to the company’s restructuring process, providing long-term sustainable development”, mentioned Gordeeva.
The company’s rolling stock fleet mo-
dernization project and the restructuring plan represent priority projects for the authorities during the next years. “CFM has a modernization and restructuring plan, the institution making efforts to attract investments for rolling stock fleet and infrastructure modernization”, declared Vasile Botnari, the Minister of Transport, in August.
For this purpose, CFM will be restructured in three commercial units in charge of infrastructure and passenger and freight transport services. “The internal separation aims to optimize the expenses and create new development opportunities. After the restructuring process will be completed- according to the structure of similar European enterprises, each unit will have responsibility on certain domains, being concentrated specifically on the sector’s development. “This will provide the possibility to develop service quality within CFM . The railway sector needs immense investments in rolling stock and infrastructure. We are at an advanced stage of discussions with several international partners, needing their support for implementing important investment projects in this field”, declared Vasile Botnari.
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