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This JBIC-financed project constituted an ongoing series of initiatives toward restructuring and modernization of the Romanian Railways. Specifically, this management consulting service (the management assistance and institutional development) was provided for the National Railway Company (CFR-SA), the National Passengers Railway Transport Company (CFR Calatori), and the National Freight Railway Transport Company (CFR Marfa) as part of a JBIC-funded project to upgrade the standards of the railway line as well as related facilities between Bucharest and Constanta. The objectives of this service included: (i) financial analysis for CFR Calatori, CFR Marfa and CFR-SA (the Infrastructure Company) specifically for the Bucharest-Constanta section through establishing line-specific traffic costing system; (ii) institutional analysis for the Infrastructure company; and (iii) assistance for reform including preparation of business plans for the Bucharest-Constanta line and assisting in their implementation.