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Summary sheet

Release date
2 July 2025
Status
Reference
Under appraisal | 02/05/2025
20250239
Project name
Promoter - financial intermediary
BRASOV-SIGHISOARA RAILWAY EU CO-FINANCING
ROMANIA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 630 million
EUR 2250 million
Location
Sector(s)
Description
Objectives

Situated in Central Romania, within an EIB Cohesion Priority Region, the project involves modernising the 130 km Brasov-Sighisoara double-track electrified railway line, which forms part of the Rhine-Danube Core Trans-European Network (TEN-T) corridor. The upgrade includes an increase in maximum design speed, axle load, and maximum permissible train length, along with the installation of the European Railway Traffic Management System (ERTMS) Level 2. The project will be compliant with the Technical Specifications for Interoperability (TSIs), including the ERTMS installation, which is expected to improve competitiveness of rail versus other modes.

The aim is to significantly improve the quality and travel time of the rail connection between Brasov and Sighisoara, leading to time savings, modal shift from road to rail travel - with consequent reduced vehicle operating costs - improved transport safety, and environmental benefits. As a result, the project will contribute to sustainable transport, in line with EU objectives.

Environmental aspects
Procurement

The project falls under Annex I of the Environmental Impact Assessment Directive (EIA) 2011/92/EU amended by Directive 2014/52/EU. The environmental impacts of the project, the EIA procedure as well as the need for assessment according to the Habitats Directive 92/43/EEC and Birds Directive (2009/147/EC) will be analysed during the appraisal. The project is expected to generate modal shift from road to rail with the corresponding environmental benefits in terms of reduction of noise, GHG emissions and pollution. The project is expected to contribute to climate action and environmental sustainability (CA&ES) objectives, in particular to climate mitigation and pollution prevention and control.

The Bank will require the promoter to ensure that contracts for the implementation of the project have been tendered in accordance with the applicable EU procurement legislation, Directive 2014/25/EU as well as Directive 92/13/EEC as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Milestone
Under appraisal
Link to source

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
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The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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