June 22 (SeeNews) - Romania’s finance ministry has approved 176.6 million lei ($42.8 million/38.4 million euro) in funding for public investment projects of local interest in 2018.
At the same time, credits of 57.4 million lei were allocated for local public debt refinancing next year, the finance ministry said in a press release on Wednesday.
The Romanian local authorities will use the money next year in 2018 for thermally insulating apartment houses in Bucharest, for repair works at Targu Mures airport and for the rehabilitation of the public lighting system in Macea commune, Arad county.
The government has not allocated any money to investment projects carried out by the local authorities this year because the previous ceiling of some 260 million euro was reached in 2016.
(1 euro=4.5915 lei)