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BUCHAREST (Romania), June 19 (SeeNews) – The European Commission said on Tuesday it is providing 246 million euro ($284 million) from its Cohesion Fund for two new sections of a motorway linking the towns of Tirgu Mures, Ogra and Campia Turzii in Romania.
The project envisages the construction of a 51.8 km double-lane section and a another, 4.7 km section near Tirgu Mures, the Commission said in a statement.
The project is due to be completed by October 2019.
The motorway sections will be part of the 9-Rhine-Danube Corridor linking Strasbourg to Constanta within the pan-European transport network, the EU's executive body added.
"This project of great importance, located on a strategic European corridor, will contribute to the creation of a faster and safer transport network in Romania. It will also make the region more attractive for both investors and tourism and will facilitate development enabling the inhabitants to reduce the time needed to travel between Tirgu Mures and Campia Turzii to less than an hour," Corina Cretu, European Commissioner for regional policy, said.
Romania benefits from an allocation of over 22 billion euro under the Cohesion Policy for the period 2014-2020. Large infrastructure projects in the transport sector will benefit from 5.1 billion euro.