Moldova splits state railway CFM into operator and infrastructure manager

Passenger and freight services sit with the fully state-owned joint-stock company CFM Pasageri și Marfă, while the infrastructure stays in state hands under CFM Infra; costs and revenues can be shown separately, funding for infrastructure and public passenger services is regulated more clearly, and privatisation is not planned.

Moldova is splitting its state railway Calea Ferată din Moldova (CFM) into an operating company and an infrastructure manager, as the railway transport law provides; the step is also part of Moldova's commitments under the reform agenda of the 2025–2027 growth plan. A first government decision, reported on 11 February 2026, approved the founding of the fully state-owned joint-stock company CFM Pasageri și Marfă for passenger and freight services; it takes over rolling stock and transport-related liabilities, while track, stations and land stay with the state and privatisation is expressly ruled out. On 9 September 2026 the government approved the draft law for the final phase, in which the infrastructure unit becomes the joint-stock company CFM Infra and the restructuring is to be completed by 31 December 2026. (LOK Report, 11 Feb 2026 and 11 Sep 2026)