EUR 7.2 bl from EU for road and rail infrastructure by 2020

Romania is going to receive EUR 7.2 billion from the European Union (EU) by 2020 for its road and rail infrastructure, Transport Minister Ioan Rus told the Realitatea TV last week. He said that Romania is going to receive EUR 1.2 billion from the EU by 2015 for its road and railway infrastructure, to which EUR 300 million will add in co-financing from the state budget. The overall amount spent on motorways from the state budget and from European funds in 2014 is EUR 600 million, according to the Minister. ‘It all depends on our ability to engage works and submit the invoices to the Union (to be reimbursed by the European Commission – editor’s note),’ said Ioan Rus.
According to the Minister of Transport, the modernisation works at the railway linking the western Arad city to Brasov and the mountain resort of Predeal should be completed somewhere in 2016-2017, thus allowing high-speed traffic from Western Romania to the Black Sea port of Constanta.
As regards the motorway system, the authorities expect the works on the motorway that will link the western and central Romania to Europe to be completed by the end of 2015, while the situation still remains uncertain in northern and eastern Transylvania.
Construction works at the Targu Mures-Oradea motorway are also expected to be completed by the end of 2016 and those on the Bucharest-Bors motorway are expected to be completed by 2018, the Minister of Transport said.
‘I will make sure that we don’t build motorways that lead to nowhere,’ the Minister stressed. Rus added that the authorities will decide in the autumn whether the conditions are met to sign the contract to cede the building of Comarnic-Brasov motorway, otherwise the procedure will resume.
In another interview for Mediafax, Minister Ioan Rus said that the Master Plan for Transports might be presented to the Government in September-October, after the prior deadline to conclude the second draft of the document expired at the end of last month.
The Government owns 50 per cent and a share at Constanta Port
Minister of Transports Ioan Rus added that according to him, the Government should keep minimum 50 per cent plus a share at the company running Constanta Port which has a strategic importance for Romania, but admits the decision related to the shareholding adjustments lies with the Government. “…I do not write off the possibility that we might offer the shares to the local community or sell them on the stock exchange,” stressed Ioan Rus. The Ministry of Transports is currently the majority shareholder at the Administration of Maritime Ports Constanta with 60 per cent and Proprietatea Fund and Constanta Mayoralty own each 20 per cent of the capital. The Government and Constanta Mayoralty want the Ministry of Transports to cede 13 per cent of the shares to the Local Council and list 14 per cent on the stock exchange. As for the privatization of other companies under the rule of the Ministry of Transports, the minister says that the transfer of property should be made when the companies are solid economically, to maximize their selling price.

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