Luxembourg, 17/01/2006 (Agence Europe) - The European Investment Bank (EIB) is lending EUR 300 mil to upgrade the railway section between Simeria and the Hungarian border and EUR 250 million for the construction of a new motorway linking Cernavoda with Constanta. Both sections are located on the major Romanian East-West transport axis along the Pan-European Corridor No IV. The railway upgrading will involve replacing of the majority of the existing infrastructure covering rails, sleepers, bridges, electrification and signalling and communication systems and adjust the alignment to allow higher transport speeds. In addition, stations will be refurbished and railway crossings modernised to reach higher safety standards. A second loan of EUR 250 million will co-finance the construction of the motorway section between the cities Cernavoda and Constanta in Romania.