Romania seeking EU funding for road projects

Romania is keen to develop its road network and is seeking EU funding to help pay for a series of major projects. One of the key projects being prioritised is for the new ring road around the capital Bucharest. Building this ring road would reduce the numbers of vehicles having to pass through the city, helping to address congestion issues at peak periods. The Romanian Government is hoping to source a finance package worth over €1.3 billion from the EU for the ring road. Meanwhile tender process is under
October 12, 2018 Read time: 2 mins

Romania is keen to develop its road network and is seeking EU funding to help pay for a series of major projects. One of the key projects being prioritised is for the new ring road around the capital Bucharest. Building this ring road would reduce the numbers of vehicles having to pass through the city, helping to address congestion issues at peak periods.

The Romanian Government is hoping to source a finance package worth over €1.3 billion from the EU for the ring road. Meanwhile tender process is underway for the Ploiesti to Brasov highway. The project is envisaged as a PPP scheme and the deal should be signed in December 2018.

These road projects are essential for Romania’s development and the country has been criticised for its slow progress in improving and expanding its road network, one of Europe’s most under-developed.

Finance & Funding

Related Content

  • 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
  • Tolling model for funding road development
    April 4, 2017
    Road tolling is being used worldwide as a way to develop highway infrastructure, with road users paying for access. Tolled roads are not a new concept and date back centuries, but in recent times, as governments have struggled to fund highway development programmes directly, tolling has increased in popularity worldwide. In Africa, Asia, Europe, Latin America and North America, tolled highways are now extremely well established. The specifics of the business models vary but state-owned toll-road firms ty
    Read More
  • Romania’s €7.6 billion transport infrastructure boost
    September 11, 2024
    Romania is investing €7.6 billion in developing its transport infrastructure.
    Read More
  • Romania road tender reopening
    February 9, 2023
    A major Romanian road tender is reopening.
    Read More

Highlighted Content