Several European financiers have assisted in the acquisition of 12 new diesel locomotives by Moldova’s state-owned railway company Calea Ferata din Moldova (CFM), the European Investment Bank (EIB) reported on July 14.
The acquisition of the locomotives is part of a large project jointly financed by the EIB, European Bank for Reconstruction and Development (EBRD), and European Union that also includes the rehabilitation of railway infrastructure and comprehensive reform of CFM to improve safety, efficiency and corporate governance, according to EIB. The tender for the upgrade of railway infrastructure is currently under way, and the company is implementing an action plan to improve corporate governance.
The new locomotives were manufactured by GE Transportation, a division of U.S.-based Wabtec, a freight car and locomotive product supplier. GE Transportation was contracted following a tender held by CFM in 2018.
The new rolling stock is expected to consume les