Moldova railway operator doubles revenue amid recovery
Moldova’s state railway operator, Calea Ferată din Moldova (CFM), is showing signs of financial recovery despite ongoing liquidity pressures. Infrastructure Minister Vladimir Bolea announced that the company has significantly reduced its wage backlog, transitioning from a nine-month delay last year to paying February 2024 salaries.
Financial rebound
Monthly revenues have doubled compared to the previous year. February receipts rose to approximately €2.26 million (44 million MDL) from €1.13 million (22 million MDL) in the same period last year. Peak revenues reached €4.11 million (80 million MDL) in October, driven by improved management and new freight volumes.
"They are paying salaries, they have settled debts for fuel and gas, and they are paying exorbitant tax arrears," Bolea stated during a broadcast on Realitatea.
Social and infrastructure challenges
Despite the fiscal progress, the social situation remains fragile. About 600 employees remain on technical leave, receiving only partial pay as the company stabilizes.
To ensure long-term viability, Moldova is pivoting toward European infrastructure standards. The government plans to build the country’s first electrified rail section on the Ungheni–Iași segment.
Integration with the EU
The 25-kilometre project includes the rehabilitation of the Ungheni rail bridge. The government expects to select a contractor by 2026.
"Moldova will have its first European-type electrified railway segment," Bolea said. The project marks a strategic step in integrating Moldova’s rail network into the European Union's transport corridors.
Translation by Iurie Tataru
