Transactions - JULY 26, 2017

EU provides €407m for Romanian road infrastructure projects

by Released

The European Commission plans to provide €407 million ($474 million) from its Cohesion Fund for three road infrastructure projects in Romania, according to sources.

The financial support will be directed to three major projects with “the threefold objective of improving road safety, contributing to the economic development of the regions concerned and strengthening territorial cohesion in Romania,” said Corina Cretu, European commissioner for regional policy.

More than €336 million ($391.3 million) will be invested in the construction of the road section between the Dumbrava and Deva areas, the Lugoj-Deva motorway, which is part of the Trans-European Transport Network, and in related infrastructure — bridges, intersections and tunnels.

Another €62 million ($72 million) will be used to rehabilitate a section of National Road 6 linking Alexandria and Craiova, in the southwestern part of the country, to improve road safety and reduce travel time by three-quarters of an hour.

Roughy €9 million ($10.4 million) will finance the construction of the section between Timişoara and Lugoj, as well as a diversion road in the Timisoara area, western Romania.


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