Romania gets EIB funds

Funding worth nearly €600 million from the European Investment Bank (EIB) could help improve Romania’s national road network.
February 20, 2012 Read time: 2 mins
Funding worth nearly €600 million from the 1054 European Investment Bank (EIB) could help improve Romania’s national road network.

This is an important step as Romania’s roads are widely acknowledged as being the worst in the EC with the country’s network having been described as “a shambles” by European transport officials.

The 2871 Romanian Ministry of Transport and Infrastructure has invested heavily in road studies but so far little or no new construction has been carried out while the majority of the network remains in extremely poor condition.

The EIB will lend €77 million under the Rehabilitation Project V, which will target improvements to 199km of roads, and €500 million through Project VI to upgrade 660km of roads. Romania’s geographic location makes it an important through route for goods being transported between Europe and Turkey.

Meanwhile, a consortium led by Austrian construction company 945 Strabag has obtained a contract worth €220.6 million for the construction of a motorway in Romania. The contract, signed with Romanian motorway company 2870 CNADNR, is for the 33km motorway stretch between the central Romanian towns of Deva and Orastie. It will include 15 bridges and ten underpasses and should be complete by the end of 2012, and is part of the fourth pan-European corridor leading from the Hungarian/Romanian border crossing Nadlac through the Romanian capital Bucharest to Constanta on the Black Sea.

The 2465 European Commission is co-financing the contract with €133.6 million.

Romania plans to build four additional motorway stretches as part of the fourth corridor with a total length of 270km and a value of €670 million.

Related Content

  • Black sea countries complete preparations for implementation of Black Sea Ring project
    August 23, 2016
    The Black Sea Ring Road project will improve transport connections for the region - Eugene Gerden writes. Russia has officially started implementation of a project, known as the Black Sea Ring Road, which involves building a four-lane highway system connecting the countries surrounding the Black Sea. The Black Sea Ring Road is a substantial project, a highway measuring some 7,140km in all. Among the countries participating in the project are Turkey, Georgia, Russia, Ukraine, Moldova, Romania, Greece and
    Read More
  • Romania plans up to 90km of highway construction this year
    March 18, 2015
    Between 80-90km of highway will be constructed in 2015 to add to Romania’s national network of around 700km. Narcis Neaga, general manager of the Romanian National Company for Highways (CNADNR), made the announcement. He also said that only 50km were built last year, which was less than half that constructed in 2013. It was also announced that a Romanian consortium comprising Lemacons, Vega 93 and Arcada had signed a contract with CNADNR this month, worth nearly US$43 million. The consortium will build a mo
    Read More
  • Highway developments to boost east-west transport
    April 4, 2012
    Huge highway developments are being planned and carried out to further improve East-West transport, with Central Asia a key region as Patrick Smith reports History was made in late 2010, when one of the biggest road building projects ever envisaged in Eastern Europe was given the green-light. It was the occasion when Russian president Dmitry Medvedev signed a law that would allow his country to build its segment of a huge highway around the Black Sea. The idea is to complete the 7,140km highway, wi
    Read More
  • Romanian road revamp
    April 30, 2012
    Romania's long planned highway expansion programme is finally gathering pace. Funding for the projects has been provided but although many feasibility studies had been carried out, little work had been carried out until now.
    Read More

Highlighted Content