November 2021 - Metrorex has signed a cooperation agreement with four authorities for the southern extension of project; September 2020 - Metrorex cancelled the tender as there is deviation in legal provision which affect awarding procedure; January 2020 - Tender underway; April 2019 - European Commission has approved EUR97mn (USD108mn) financing for the project; Project to have 2 phases - Phase I involves procurement of 14 new train sets and Phase II will include modernization works on 18 km line and system rehabilitation and a new entrance at the Tineretului station; Project Value - EUR305mn