Siemens and CFR sign 45m euro contract

The Transports, Constructions and Tourism Ministry will get 45m euros in domestic and foreign loans, secured by the Ministry of Public Finances. The money will be used for gearing several railway stations with electronic centralised systems made by Siemens AG, according to a government decision published in the Official Gazette. Siemens, one of the largest European groups in the industry, will provide electronic centralised systems for the railway stations in Ploiesti-Est, Ploiesti-Vest, Ploiesti-Triaj, Deva, Simeria, Alba Iulia and Sighisoara. The German group will use the same technical solutions as it did in Ploiesti Sud. Deva and Simeria railway stations will benefit from a 16m euros in financing next year. A similar amount will go to Alba Iulia and Sighisoara in 2005. ZF