Moldova Railways to modernize trains

Moldova Railways wants to streamline the business and increase revenues. The administration is about to modernize the trains. Over 800 of 3500 wagons will be repaired. The repair of a unit costs 30,000 lei. The company wants to put more emphasis on freight transport and lower tariffs.

Additionally, 15 stations in which the passenger flow is small will be closed because this generates losses of over 10 million lei annually. All of the proposals are part of an action plan to improve spending, presented by the Ministry of Economy and Infrastructure.

The total debt of the Railway Company reaches 370 million lei, and about 100 million lei are salary arrears. However, CFM head Iurie Topala says revenues are rising.

In 2017, receipts increased by 13 percent, 30 percent increase is forecast this year.

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