Bucharest Subway Operator Metrorex To Pay RON157M For Maintenance In 2012
Bucharest subway operator Metrorex last year paid maintenance contractor Alstom 146 million lei (EUR33.68 million) and estimates these expenses will rise in 2012 by 7.5%, to RON157 million, according to the company's draft budget.
The cost paid last year exceeds the amount of RON123.21 million approved by the Government in the budget revision last November by 18.4%.
Metrorex and Alstom renegotiated last year the maintenance contract, reducing costs by 30% in 2011 and by 34% for the remainder of the contracted period, until 2018. The contract was signed in 2003 for 15 years.
In 2010, Metrorex paid Alstom RON189.93 million, therefore the cost of maintenance dropped by 23% in 2011, to RON146 million, according to the draft budget for 2012, which also provides preliminary estimates on the company’s financial performance last year.
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