Funding found for Romanian road

A €305.7 million loan is being provided to Romania through the European Commission. This will be used to to fund the construction of the Cernavoda-Constanta section of the Sun Highway. The loan will not have to be repaid as it will fall under the Cohesion Fund. The Romania retroactively requested the EU to fund the Highway after contracting with the European Investment Bank in 2005 for a loan to cover construction costs.
January 20, 2015 Read time: 1 min
A €305.7 million loan is being provided to Romania through the 2465 European Commission. This will be used to to fund the construction of the Cernavoda-Constanta section of the Sun Highway. The loan will not have to be repaid as it will fall under the Cohesion Fund. The Romania retroactively requested the EU to fund the Highway after contracting with the 1054 European Investment Bank in 2005 for a loan to cover construction costs.
Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • Romanian road works moving ahead
    December 9, 2022
    Romanian road works are now moving ahead.
    Read More
  • Near US$200m loan for Balkan motorway
    April 27, 2012
    The European Bank for Reconstruction and Development (EBRD) has granted a US$198million (€150million) sovereign-guaranteed loan for the construction of part of the new Banja Luka-Doboj motorway in Bosnia and Herzegovina. The loan-targeted motorway section is the main east-west link in Republika Srpska, one of the country’s entities. The EBRD said it will also support the preparation of the first public-private partnership (PPP) project for the main north-south link in Bosnia and Herzegovina, Doboj to Vukosa
    Read More
  • Road investment benefit for Montenegro
    February 11, 2014
    China's Exim Bank is providing financing worth some €800 million to the Government of Montenegro for a highway project. The loan will be used to pay for work to a section of the Bar-Boljari highway stretch. The work on the Podgorica-Kolasin stretch is due to commence shortly and will be carried out by the Chinese contractor CC International. The Government of Montenegro will borrow some €118 million for capital projects and €240 million for the budget requirements. Of this, €10 million is to be borrowed fro
    Read More
  • Healthy bidding for Poland's highway construction
    May 14, 2012
    Bidding is healthy for a section of dual carriageway in Poland linking Kurow with Lublin. The section is 60km long and has been divided by the Polish General Directorate for National Roads and Motorways (GDDKiA) into five separate bids.
    Read More

Highlighted Content