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

  • New fuel economy targets could cut motoring costs in Europe
    May 18, 2012
    Europe’s drivers will be able to save enormous sums of money if ambitious fuel economy targets are introduced by the EU this July. This claim has been made by a former UK Environment Agency chief, Malcolm Fergusson. His study predicts that annual fuel costs for Europe’s drivers could fall by about 23% by 2020 if the currently expected EU fuel efficiency target of 95grammes of CO2 emissions/km for new cars and 147grammes/km for vans is confirmed by the European Commission in July, as expected. If the target
    Read More
  • Major Romanian highway works continue
    December 21, 2022
    In Romania major highway works are continuing.
    Read More
  • Collaboration on road infrastructure innovation
    February 4, 2014
    Transnational collaboration on road infrastructure innovation is the aim of the ERA-NET Plus (EN Plus) Infravation event. The Infravation 2014 Call for this collaboration of 11 countries on road infrastructure innovation will be launched on 3rd March 2014. It will pool funding of some €9 million, of which one-third comes from the European Commission (EC). For the first time, the US Federal Highway Administration (FHWA) will also contribute funding to an EN Plus Call however. This is because the FHWA sees th
    Read More
  • Funding for Belarus road project
    May 18, 2016
    Funding for a key project in Belarus could be supplied by the European Bank of Reconstruction and Development (EBRD). Financing is required for the reconstruction of the M10 highway in Belarus, which runs from Kobrin through Gomel to the Russian border. The EBRD will consider options once the results of the tender have been revealed. The private sector looks likely to take part in the project, which is conceived as a PPP scheme, the first for Belarus. The project will be handled under the concession mode
    Read More

Highlighted Content