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Romania seeks 4.6 bln euro in EU co-financing for infrastructure works

Romania seeks 4.6 bln euro in EU co-financing for infrastructure works EU, Romania (Author: SeeNews). License: all rights reserved.

BUCHAREST (Romania), November 29 (SeeNews) - Romania's transport ministry said on Thursday it has asked the European Commission to provide 4.6 billion euro ($5.22 billion) in financing for major infrastructure projects.

The EU co-funding would add to the 5.4 billion euro that the Romanian state plans to allocate for major infrastructure projects, the transport ministry said in a press release.

The list of projects submitted for consideration includes a project for the development of the integrated infrastructure for the road belt of capital Bucharest, which has a total value of 7.3 billion euro.

In the near future, the transport ministry and the Romanian National Company for Road Infrastructure Administration, CNAIR, are preparing to submit another major project to the European Commission, which has a total value of 554 million euro. It envisages building a suspended bridge over the Danube river in the Braila area with EU non-reimbursable funds.

(1 euro=4.6365 lei)

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