Funding halted for Romanian projects

The EC is holding back financing of highway work in Romania. This move has come about following concerns over irregularities in relation to road projects in the country. The funds relate to the construction of Arad-Nadlac highway and this change is being made over a number of irregularities as well as suspicion over possible fraud. The EC approved financing for the construction of the 38.8km Arad-Nadlac highway back in September 2011. The total value of the project is €240.25 million and the project was sch
July 25, 2012 Read time: 1 min
The EC is holding back financing of highway work in Romania. This move has come about following concerns over irregularities in relation to road projects in the country. The funds relate to the construction of Arad-Nadlac highway and this change is being made over a number of irregularities as well as suspicion over possible fraud. The EC approved financing for the construction of the 38.8km Arad-Nadlac highway back in September 2011. The total value of the project is €240.25 million and the project was scheduled to be completed in 2013, but this development seems certain to add delays.

Related Content

  • Island highway maintenance and upgrade funding
    May 14, 2012
    Roads in the Isle of Wight, off the south coast of England, are set for a major upgrade following £364.6 million (E404 million) of government funding. The Private Finance Initiative (PFI) funding will allow the Isle of Wight Council to carry out vital improvements and maintenance to local roads over 25 years including road surface improvement and maintenance; footway and cycleway improvement; maintenance on bridges and other structures; upgrades to traffic signals, signs, street nameplates and road marking
    Read More
  • Expectations for growth of UAE infrastucture
    February 9, 2012
    The INTERMAT Middle East event is being launched at a pivotal time of major infrastructure development in the region. As with most sectors, the highways industry has not had a fantastic 18 months in the Gulf. Not only has the recession impacted the delivery of projects across the board, GCC Governments' attention have been switching increasingly to rail, as plans to roll out a Gulf-wide rail system gather steam. GCC countries will invest over US$119.6 billion in infrastructure projects over the next decade
    Read More
  • Japan funding road projects in Tanzania
    June 10, 2013
    Japan is providing funding for infrastructure works in Tanzania. A grant from Japan will fund the construction of the Tazara flyover. Work on the project is expected to begin in July-December 2013. Meanwhile the Japanese Government is also funding a road project close to capital Dar-es-Salaam. This project comprises construction of a new dual-lane bridge in Gerezani as well as widening a 1.3km section of road that lies between the of Kilwa and Kamata intersections. The road will become a dual carriageway. I
    Read More
  • Colombian project discord
    February 24, 2012
    Colombia's National Department of Planning (DNP) has rejected a series of road projects worth US$1.52 billion in 2009.
    Read More

Highlighted Content