EIB Senior Transport Expert Frumosu says bank ready to support Romania develop railway system
The European Investment Bank (EIB) has billions available to support Romania in developing its railway system, with nearly 3 billion euro already allocated to just three railway rehabilitation and modernisation projects, namely Episcopia Bihor-Cluj, Arad-Caransebes and Brasov-Sighisoara, EIB Senior Transport Expert Mihai Frumosu told the Railway Days conference on Tuesday.
'In Romania, if I just mention three projects - Episcopia Bihor-Cluj, Arad-Caransebes, Brasov-Sighisoara - only these three, though in fact most railway projects in Romania are supported by the European Investment Bank both financially and through technical assistance. For these three alone, we are talking about nearly 3 billion euro, so the EIB's financial support amounts to many, many billions,' Mihai Frumosu said.
He emphasised that the EIB provides support not only financially, but also through technical assistance.
'The European Investment Bank, on behalf of the European Commission, also manages green certificates, and we have had trains purchased through these certificates. We also offer technical assistance (...) through our two main initiatives, PASSA and JASPERS, which support the preparation and implementation of projects, especially railway ones. The railway sector is extremely important to us, to the Bank. Why? Because when we talk about improving climate conditions, shifting from other modes of transport to rail is key in reducing carbon emissions. So for us, the railway system is close to our hearts, and we support it both financially and with technical expertise,' Frumosu said.
The EIB representative mentioned that the Bank has many billions of euro it can make available to Romania for rail projects, including high-speed rail development.
'We have many billions ready to support Romania in developing its railway system, and we want to continue standing by its side, as we have for many years. We have been present in Romania for over 30 years, and we want to remain a partner. One Romanian initiative we have supported from a technical standpoint, and which we hope will take Romania to a new level in rail development, is the introduction of high-speed rail lines,' he added.
Railway Days 2025 returned to Bucharest on 14-15 October, bringing together key players in the rail transport sector, including authorities, top companies, experts and strategic partners.
According to the organisers, the conference, now in its 20th edition, brings together influential voices shaping the present and future of rail transport.
The Railway Days Summit is the largest and most prominent rail conference and exhibition in Romania, attracting hundreds of professionals and industry leaders every year to this well-established and highly regarded event in the Romanian railway sector.
AGERPRES National News Agency is one of the media partners of the event. AGERPRES (RO - writing by: Oana Tilica; EN - writing by: Adina Panaitescu)
The content of the www.agerpres.ro website has the exclusive purpose of public informing.
All the information published on this website by AGERPRES is protected by relevant legal dispositions.
It is forbidden to copy, reproduce, recompile, decompile, distribute, publish, display, modify, create derived components or products or full services, as well as any exploitation of the site's content.
Details in the section Terms of Use. If you are interested in picking up AGERPRES news items, please contact the Marketing Department – [email protected].
The use of the Comments section entails your obligation to respect the AGERPRES terms and conditions in regards to the publishing of comments on the www.agerpres.ro.
Other news in category
IMF requests from Romania right policy mix, ambitious structural reforms to restore fiscal sustainability
The Board of the International Monetary Fund (IMF) requests that Romania implement a right mix of policies and ambitious structural reforms to support growth, restore fiscal sustainability and protect financial stability, according to the report prepared by the international financial institution, following the Bucharest consultations on Article IV. ''
Russian ambassador summoned to Ministry of Foreign Affairs over drone that entered Romania's airspace on November 10
The Ambassador of the Russian Federation in Bucharest, Vladimir Lipaev, was summoned on Friday to the headquarters of the Ministry of Foreign Affairs (MAE) for discussions about the drone that entered Romania's airspace on November 10. According to the MAE, he was presented with 'tangible, ample and solid evidence of the violation of Romanian airspace
All aboard the Euro-train: EU accelerates development of high-speed train network (enr)
Getting from Munich to Rome in six hours and from Skopje to Athens in no more than four: If the EU Commission has its wish, this will be the future for European train travellers. But can these ambitious plans stay on track? In early November, the European Commission announced a new comprehensive transport package, including an action plan to accelerate the dev
Canonisation of Holy Venerable Confessor Arsenie of Prislop to be locally proclaimed on Nov 28
The local proclamation of the canonization of the Holy Venerable Confessor Arsenie of Prislop will take place at the Prislop Monastery, Hunedoara County, as part of liturgical events scheduled for November 27 - 28, the Diocese of Deva and Hunedoara announced. On Thursday, November 27, at 4:00 p.m., the Vigil Service in honor of Saint Arsenie will be celebrated
Postage issue to celebrate 50th birthday of athletics great Gabriela Szabo
National Stamp Company Romfilatelia launched on Friday, during an event organized by the Romanian Olympic and Sports Committee (COSR), an issue of postage stamps titled 'GOLDEN ATHLETES' - Gabriela Szabo, in celebration of the 50th birthday of the Sydney 2000 Olympic champion. 'That was an extremely beautiful moment for me and I thank everyone who
Regulatory act in the making on transposition into national law of international sanctions on Lukoil and Rosneft
The government and the relevant ministries are working on a regulatory act to clarify how international sanctions imposed on the Russian companies Lukoil and Rosneft are to be transposed into national law, but also to limit the potential negative effects on the trading partners of the two energy giants following these sanctions. According to Energy Minister Bo
Matisse's 'La Blouse Roumaine' at MNAR; Kessler: Most expensive work ever exhibited in Romania
The Interim General Director of the National Museum of Art of Romania (MNAR), critic Erwin Kessler says the famous art work 'La Blouse Roumaine' by Henri Matisse, which will go on display from 21 November at the MNAR, 'iconic for modernity' is the most expensive work ever exhibited in Romania. ' 'La Blouse Roumaine' by Matisse is a
Romania, Bulgaria sign memorandum on developing Danube-Black Sea spa tourism
A Memorandum of Cooperation for the development of spa and wellness tourism in the Danube-Black Sea region was signed by the Romanian Spa Tourism Employers' Organisation (OPTBR) and the Bulgarian Union of Balneology and Spa Tourism (BUBSPA) at the Congress of Spa and Wellness Tourism hosted by the Romanian spa town of Sovata. The memorandum is designed to
Senate President Abrudean: Romania, positively assessed in OECD working group on public integrity
Romania has received a positive assessment in the Working Group on Public Integrity of the Organisation for Economic Co-operation and Development (OECD), Senate President Mircea Abrudean announced on Friday. 'Another step towards joining the OECD. Romania has been positively evaluated in the working group on public integrity. Today in Paris I led the Roman
Niculescu (ANRE): Consumers put good pressure on electricity suppliers, having opportunity to migrate
There is a buzz on the electricity market, and consumers, having the opportunity to migrate from one supplier to another, put good pressure, from a competition perspective, on electricity suppliers, said George Niculescu, president of the National Energy Regulatory Authority (ANRE), on Friday, at the conference 'Evolution of competition in key sectors under the impact of
Moldova is open for business, Moldovan PM said during meeting with representatives of Franco-Romanian business community
The Republic of Moldova is open for business and we have three priorities: to bring the country into the European Union, to develop the economy and attract investments, to better understand risks and manage them responsibly, said Moldovan Prime Minister Alexandru Munteanu, who met with representatives of the Franco-Romanian business community on Thursday, during a visit to B
Romania is not in recession but economy is struggling and showing first signs of fatigue (analyst)
Romania is not in recession but the economy is struggling and showing the first signs of fatigue, Association of Financial and Banking Analysts in Romania president Flavius Jakubowicz told AGERPRES on Friday, mentioning that the 0.2 percent decline in the third quarter of 2025 is not an immediate danger but a warning we cannot afford to ignore. 'The data p
Orchestra da Camera di Mantova to perform at Romanian Athenaeum on Saturday
Orchestra da Camera di Mantova, one of the most refined and acclaimed chamber ensembles in Europe, will give for the first time an extraordinary concert on the stage of the Romanian Athenaeum on Saturday at 19:00. Under the baton of maestro Carlo Fabiano, cofounder, artistic director and concertmaster of the ensemble, the orchestra will present a programme tha
PM Bolojan: If no commercial solution found, Lukoil's operations in Romania - very difficult to carry out
Prime Minister Ilie Bolojan said on Thursday that if no commercial solution is found, Lukoil's operations in Romania will be very difficult to carry out once the sanctions imposed by the United States government, which also target this Russian oil company, come into force. 'We are in a situation where, if no commercial solution is found, Lukoil's o
PM Bolojan on the acquisition of armament through SAFE programme: It's import we also produce this armament
It's important that part of the armament Romania can acquire through the Security Action for Europe (SAFE) Programme be produced in our country, Prime Minister Ilie Bolojan told Euronews Romania on Thursday evening. 'We are not only talking about the acquisition of armaments, but, very importantly, we sought to locate the production of most of this acq