Wednesday, February 28, 2007

Romania: Itochu proposes Maglev technology for Bucharest

Railway Market

Romanian PM Calin Popescu Tariceanu had a meeting in Tokyo with the management of the Japanese company Itochu, interested to design and implement the project on the underground line due to connect the Victoria Square to Henri Coanda Airpor.
‘'The technical solution proposed for the underground line is called Maglev which is a magnetic levitation system, without direct contact on the rails and I would say, that from a technological viewpoint, this method is the most advanced solution at present. Of course we are interested to work with Japanese companies which have extraordinary experience in the railway transport infrastructure,'' Tariceanu said.

The financing of the project worth $700 million, VAT not included, could be provided by Japan Bank for International Cooperation (JBIC).

Tariceanu met with JBIC Governor Kyosuke Shinozawa, who stressed that the bank he is running, is interested in this project, given the favourable impact on the environment, which is a preoccupation of the JBIC.

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