Romania, Sept. 14 -- The European Investment Bank (EIB) has signed a €630 million financing agreement with Romania for the upgrade of the Bra?ov-Sighi?oara railway, alongside EU funds and State contribution. The total project cost is estimated €2.25 billion.The project consists of upgrading 113 kilometres of double-track and electrified railway between Bra?ov and Sighi?oara, located in central Romania. When the works are competed, the railway capacity will increase for both passenger and freight traffic, while improving travel times, reliability and safety.The railway is part of the Rhine-Danube and Baltic Sea-Black Sea-Aegean Sea TEN-T (Trans-European Network-Transport) corridors. The improvements will remove a bottleneck on th...