IMF Urges Romania To Renegotiate Costly Contract For Rundown Rail Line

02.09.2012 By Radu Bostan

The International Monetary Fund has charged Romania's Government to renegotiate the contract for the Valcea-Valcele railway line, whose value has risen four times after it was unilaterally suspended by railway administrator CFR in the '90s, and to find financing for the project.

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Keywords:
IMF
, GOVERNMENT
, CFR