Skip to main content

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

  • Connected cars market expected grow by a third globally by 2020
    November 28, 2014
    A new report by Allied Market Research, Global Connected Cars Market (Technology, Connectivity Solutions, Application, Products & Services and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020, indicates that the global connected cars market is forecast to reach US$141 Billion by 2020, growing at a CAGR of 32.7 per cent during the period 2014 - 2020. The integrated connectivity solutions segment
  • Smart transportation market to reach $130bn by 2024
    April 19, 2018
    The Smart Transportation Market is set to grow from its current industry value of more than $41bn (£28bn) to over $130bn (£91bn) by 2024, according to a report by US-based Global Markets Insights. The growth is attributed to worldwide government initiatives for smart city development. Findings revealed that $1bn (£70m) of connected things are mounted globally under the smart cities projects. Government mandates focused on reducing C02 emissions and protecting the environment are also assisting the growt
  • Major funding announced to improve Bristol’s public transport
    September 16, 2014
    A new rapid bus network for Bristol will be built after the UK Department for Transport announced US$55 million funding towards the US$73 million total cost of the project. The aim is to provide better bus connections between key areas of employment, housing, retail and leisure. The network will tackle traffic congestion, help create regeneration and support new jobs and homes. The Metrobus is intended to encourage car drivers coming into Bristol to shift onto public transport. Existing bus services i
  • Government funding to get hydrogen cars moving
    October 10, 2014
    The arrival of hydrogen cars on UK roads is a step closer today as Business Minister Matthew Hancock announced up to US$17.6 million of funding from Government and industry to help prepare the UK for the roll-out of hydrogen fuel cell electric vehicles (FCEVs). The investment will help establish an initial network of up to 15 hydrogen refuelling stations by the end of 2015. It includes US$3.2 million of funding for public sector hydrogen vehicles. The announcement follows news earlier this month tha