MA-RAILWAY RESTR & PRIV

The main objective of the project is to suppor t the preparation and implementation of a restructuring program that would lead to an efficient, commercially -oriented railway operation. The project will also contribute to financing the railway's rehabilitation and modernization program, consisting primarily of: (a) the rehabilitation of track and of electric traction faci lities (catenary, substations) on selected sections of the network; (b) the improvement of signaling and tele communication systems; (c) investment in rolling stock (acquisition of nine electric locomotives, and 100 spe cialized wagons); (d) studies and consulting services to prepare and implement the restructuring program, pre pare and implement the reform of the railway pension system, and to support the improvement of railway manage ment systems; and (e) a program of acquisition of computer equipment needed for the implementation of new management systems.