Romania gets EU funding for road infrastructure projects

Romania will receive EU financing worth US$4.06bn for road infrastructure projects between 2014 and 2020, according to the Minister for Infrastructure Projects, Dan Sova., Several road projects are currently being developed including the Sibiu-Brasov, Brasov-Bacau and Sibiu-Pitesti motorways, a segment of the Bucharest ring road and the Craiova-Calafat national road. Romania's national road rehabilitation projects total 4,300 kilometres, 1,532 kilometres of which are being upgraded with financing fr
November 27, 2013 Read time: 1 min
Romania will receive EU financing worth US$4.06bn for road infrastructure projects between 2014 and 2020, according to the Minister for Infrastructure Projects, Dan Sova.,

Several road projects are currently being developed including the Sibiu-Brasov, Brasov-Bacau and Sibiu-Pitesti motorways, a segment of the Bucharest ring road and the Craiova-Calafat national road.

Romania's national road rehabilitation projects total 4,300 kilometres, 1,532 kilometres of which are being upgraded with financing from the European Fund for Regional Development, the 4270 European Investment Bank (EIB) and the state budget.

For more information on companies in this article

Related Content

  • New São Paulo airport approved
    December 22, 2014
    Brazil's lower house has approved plans to build a new US$1.97 billion airport in São Paulo state.
    Read More
  • US transportation secretary announces loan for Atlanta NW corridor project
    November 26, 2013
    US transportation secretary Anthony Foxx has announced a Transportation Infrastructure Finance Innovation Act (TIFIA) loan for US$275 million to build new reversible lanes along I-75 and I-575. The 29.7-mile-long project will relieve congestion along the heavily trafficked corridor during morning and evening peak periods. The loan will go toward the US$833.7 million total cost of the project. The corridor has long been recognised as one of the Atlanta region’s most congested travel corridors with over 4
    Read More
  • Bombardier people mover system for Jeddah
    May 17, 2012
    Bombardier Transportation has signed a contract with Saudi Arabian construction company, Saudi Binladin Group, to design, build, operate and maintain a Bombardier Innovia APM 300 automated people mover system for the King Abdulaziz International Airport (KAIA) development project in Jeddah, Kingdom of Saudi Arabia. The total value of the contract is US$96 million.
    Read More
  • US taps into European high-speed rail knowledge
    October 25, 2013
    Representatives of major US high-speed rail projects are to meet with their European counterparts to seek the expertise and knowledge of the leading European high-speed rail companies. The US is planning to invest approximately US$150,000 million over the next ten years in the development of high-speed rail networks, representing a great opportunity for European infrastructure and engineering companies. For the first time, American senior official representatives of these projects will meet in Europe loo
    Read More

Highlighted Content