Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Infrastructure: Commissionaire Valean: Trains in Romania must run...

Infrastructure: Commissionaire Valean: Trains in Romania must run at 160 km/h by 2030, a pan-European obligation

January 10, 2024

  Trains in Romania must circulate at 160 km/hour until 2030, this being a pan-European obligation, stated on Friday the European commissionaire for Transport, Adina Valean. "The European Union has a very clear plan for transport infrastructure. This is called the European transport network - TEN-T network. This plan contains precise maps for all Member States on road, rail transport infrastructure, for all Member States agreed of course with the respective countries, with obligations and opportunities, in the sense that obligations mean building this infrastructure to certain standards, including innovation, i.e. introducing intelligent transport systems for both rail and road, standards related to the use of this network. Because we are talking about rail, for example, the whole European rail network that is the main network has speed standards, for example, of 160 km per hour. We look at the infrastructure map of Romania in this network and we see which railway lines have to be 160 km/hour. Until when? By 2030, another pan-European obligation. The core network must be completed by 2030", said Adina Valean at the "Innovation in EU Transport Policies" event.   According to her, there is another essential secondary or extended network with completion deadline in 2040 and the extended network which covers the rest of the infrastructure with a deadline in 2050.‘Everything is with a standard but they also mean opportunities, as there is financing for each of these offers. The projects have joint governance, as if you want to apply for regional cohesion funds and so on with a certain degree of co-financing, for the European interconnection mechanism funds, when you want to apply for PNRR funds, similarly, the projects are clearly defined. So, practically, we know what we have to do, we know the deadlines, we know the standards – and in the case of Romania we know there is approximately a sum of 12 billion euro European funds with co-financing for various projects from this infrastructure with various deadlines for absorption in this financial period’, said the European commissionaire for transport during her visit to Romania last week.  

Read in full - click here
Marriott plans major expansion in Romania with five new hotels by 2028

Marriott International announced plans to expand its presence in Romania with five new hotels and more than 550 additional rooms expected by the end of 2028. The expansion will also mark the debut of two Marriott brands in the country, Residence Inn by Marriott and Four Points by Sheraton, as the company strengthens its portfolio […]

Bucharest City Hall lists bond issue on the Stock Exchange worth RON 555 million

Bucharest City Hall (PMB) listed a new bond issue (PMB31) on the Bucharest Stock Exchange (BVB) on Wednesday, May 14, with a total value of RON 555 million (EUR 108.7 million). It is the eighth issue of the Municipality of Bucharest listed on the stock exchange in the last 10 years, and was subscribed by 26 […]

Romanian hydropower energy producer Hidroelectrica sees profits drop 56% in Q1 2025

Romania's state-controlled hydropower group Hidroelectrica (BVB: H2O), the largest energy producer in the country, registered a net profit decrease of 56% in the first quarter, dropping from RON 1.32 billion (EUR 258.5 million) to RON 589 million (EUR 115.3 million). Net electricity production was 2,654 GWh, down 38% compared to the same period last year, […]

Timișoara to host football-themed film festival in November

Timișoara will host the first football-themed film festival in Romania and Eastern Europe this November, marking a unique cultural initiative at the intersection of sport, cinema, and community identity, Agerpres reported. Organized by the Druckeria Supporters’ Association, the inaugural edition of the Timișoara...

UNICEF report: Child well-being has declined since pandemic, Romania ranks well in mental health but low in physical health

The well-being of children in many of the world’s richest countries, including Romania, has deteriorated significantly since the COVID-19 pandemic, according to a new analysis released by UNICEF Innocenti – Global Office of Research and Foresight. The top three countries are the Netherlands, Denmark, and France, while Romania is at number 16 in the report, […]

VP of Romanian far-right party AUR praises Ceaușescu, prompting legal warnings

Marius Lulea, vice president of the far-right Alliance for the Union of Romanians (AUR), publicly praised former Communist dictator Nicolae Ceaușescu, drawing condemnation from historians and legal experts for promoting a convicted criminal against humanity,