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

  • Bulgaria plans for operating road infrastructure
    February 21, 2012
    There is a lot of work to do on Bulgarian roads, but the government has plans to increase the length of highways built each year as Krasimir Krastanov reports. Bulgarian roads with a pavement make up 98.4% of all the country's roads, while 92.5% of them have an asphalt surface and 82.8% of them are able to carry 10tonnes/axle.
    Read More
  • EIB aids funding for Poland's A2
    July 12, 2012
    The European Investment Bank (EIB) will help funding of the A2 highway project in Poland, which has faced financing problems due to the economic crisis. The EIB is making an exception to its usual policy by granting to Polish company Autostrada Wielkopolska credit that covers over 50% of the costs of the construction work for a highway section. The EIB will provide €1 billion for the A2 investment and to create an option of an additional €200 million. The total value of the investment, which is expected to
    Read More
  • Romanian roads for STRABAG
    February 28, 2012
    Austrian contractor STRABAG will build a 24km stretch of highway in Romania in a deal worth €166 million.
    Read More
  • Polish projects to get Cohesion Fund cash
    March 6, 2018
    Almost €790 million will be allocated from the Cohesion Fund for three road projects which improve the country's communication with Germany and other Western and Eastern European countries. Around €270 million will be for the Garwolin-to-Kurow S17 dual carriageway, another €125 million to build a stretch of the S6 dual carriageway between Goleniow and Kielp and €390 million for the S2 on the outskirts of Warsaw.
    Read More

Highlighted Content