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Romania's Ministry of Transport has announced that it plans to build the new Bragadiru - Voluntari metro line 7 in Bucharest through a public-private partnership or a concession.
The new 25km metro project would include 30 stops, a depot and a parking. The project cost is estimated at €1.5 billion (US$2.04 billion) and its construction could take six years.
Bucharest currently has four metro lines, and some 69 kilometers of metro tracks, with 51 stations. It is one of the most accessed systems of the Bucharest public transport network with a ridership of 172.6 million passengers in 2012.
Metrorex, the metro network operator in Bucharest, ended 2013 with total revenues of some €136 million (US$186 million), expenses of €148 million (US$202 million), and losses of over €12 million (US$16.5 million). The company is fully owned by the Romanian Government through the Ministry of Transportation.
The list of projects to be approached through public private partnerships (PPP)/ public work concession announced by the Ministry of Transport also includes the project on the rehabilitation and management of the main 15 rail stations in Romania with an estimated cost of €65 million (US$89 million), but also the development of the development of road-railway intermodal terminals Suceava Intermodal Freight Transport Centre, with an estimated cost of €26 million (US$35.5 million).