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RAILWAY REHABILITATION

Abstract*

The objective of the Railway Rehabilitation Project is to support and deepen the restructuring process which Societatea Nationala a Cailor Ferate Romane (SNCFR), the Romanian national railways, and the government have initiated. The project supports a set of policy measures that are embodied in the new Railway Law, the Restructuring Action Plan (RAP), and the performance contract between SNCFR and the government. The project will only finance investments...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

THE MAIN OBJECTIVE WOULD BE TO HELP RESTRUCTURE THE RAILWAYS ANDREDUCE THE FINANCIAL BURDEN THEY POSE TO THE GOVERNMENT.

Key Details

Project Details

  • P036013

  • Closed

  • Henry G. R. Kerali

  • N/A

  • Romania

  • October 31, 1994

  • (as of board presentation)

    January 18, 1996

  • August 15, 1996

  • US$ 260.90 million

  • B

  • Not Applicable

  • September 30, 2003

  • BANK APPROVED

  • March 11, 2021

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 120.00
European Bank for Reconstruction and Development 72.60
EC: PHARE 68.30

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 120.00
IDA Commitment N/A
IBRD + IDA Commitment 120.00
Lending Instrument
Grant Amount 140.90
Total Project Cost** 383.00

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Sep 15, 2013 IBRD-39760 Loan Repay 252,492.72
Sep 15, 2013 IBRD-39760 Int Charges 82,231.88
Sep 15, 2013 IBRD-39760 Loan Repay 192,505.88
Sep 15, 2013 IBRD-39760 Loan Repay 85,196.43
Sep 15, 2013 IBRD-39760 Int Charges 4,165.58
Sep 15, 2015 IBRD-39760 Int Charges 277,478.47
Sep 15, 2015 IBRD-39760 Loan Repay 1,716,719.80
Sep 15, 2015 IBRD-39760 Loan Repay 3,974,890.50
Sep 15, 2015 IBRD-39760 Int Charges 2,109.01
Sep 15, 2015 IBRD-39760 Int Charges 238,502.33
Mar 15, 2016 IBRD-39760 Int Charges 2.33
Mar 15, 2016 IBRD-39760 Int Charges 4,122.23
Mar 15, 2016 IBRD-39760 Int Charges 2,108.99
Mar 15, 2016 IBRD-39760 Int Charges 254,093.06
Mar 15, 2016 IBRD-39760 Loan Repay 2,539,923.50
Mar 15, 2016 IBRD-39760 Loan Repay 4,084,405.80
Sep 15, 2016 IBRD-39760 Int Charges 3,961.71
Sep 15, 2016 IBRD-39760 Loan Repay 58,252.65
Sep 15, 2016 IBRD-39760 Loan Repay 42,558.90
Mar 15, 2015 IBRD-39760 Int Charges -0.01
Mar 17, 2015 IBRD-39760 Int Charges 7,481.75
Mar 15, 2015 IBRD-39760 Int Charges 0.01
Sep 15, 2015 IBRD-39760 Loan Repay 720,775.44
Mar 17, 2015 IBRD-39760 Int Charges 711,964.20
Mar 17, 2015 IBRD-39760 Loan Repay 4,741,144.00
Mar 18, 2015 IBRD-39760 Int Charges 18,491.86
Mar 18, 2015 IBRD-39760 Loan Repay 114,361.07
Mar 15, 2015 IBRD-39760 Loan Repay 43,410.54
Sep 15, 2014 IBRD-39760 Loan Repay 5,563,554.00
Sep 15, 2014 IBRD-39760 Int Charges 101,076.62
Sep 15, 2014 IBRD-39760 Int Charges 943,126.06
Sep 15, 2014 IBRD-39760 Loan Repay 782,136.94
Mar 15, 2015 IBRD-39760 Loan Repay 1,450,402.20
Mar 15, 2014 IBRD-39760 Loan Repay 588,660.25
Mar 15, 2014 IBRD-39760 Loan Repay 5,900,843.00
Mar 15, 2014 IBRD-39760 Int Charges 114,229.50
Jan 18, 1996 IBRD-39760 Loan Commitment 120,000,000.00
Mar 15, 2014 IBRD-39760 Int Charges 1,274,293.10
Sep 15, 2013 IBRD-39760 Int Charges 1,486,734.10
Sep 15, 2013 IBRD-39760 Loan Repay 38.56
Sep 15, 2013 IBRD-39760 Loan Repay 5,958,739.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

No data available.

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

INDICATORICR REVIEW: 07-07-2005PROJECT PERFORMANCE ASSESSMENT REPORT: 06-21-2004
Outcome RatingHighly Satisfactory Highly Satisfactory
Risk To Development OutcomeNot RatedNot Rated
Bank PerformanceHighly SatisfactoryHighly Satisfactory
Borrower PerformanceHighly SatisfactoryHighly Satisfactory
Government PerformanceHighly SatisfactoryHighly Satisfactory
Implementing AgencyNot RatedHighly Satisfactory
Icr QualityNot RatedSatisfactory
M&e QualityNot RatedNot Rated

Results Framework

No data available.