Russian President Dmitri Medvedev signed on Monday a law ratifying the international memorandum on building a highway that would go around the Black Sea, Realitatea.net informs. The highway will have a length 7,100 kilometers and will transit Romania, Georgia, Russia, Ukraine, Republic of Moldova, Greece and Bulgaria. Romania could be transited by another highway after the Serbs have proposed building one between the two countries. Talks on the possibility of building such a highway took place in early November when Serbian Deputy Prime Minister Bozidar Djelic made this proposal to the Romanian Prime Minister. Emil Boc answered that he will analyze it. Moreover, the government has approved a draft law on the standards of cost for transportation investments from public funds, Transport Minister Anca Boagiu announced, HotNews.ro informs. According to the Minister, these standards are necessary in order to establish the funds needed in order to finance some works. The list included in the draft law consists of 12 standards of cost grouped on sectors: road, railway, naval and air transportation. Thus, the framework cost of a highway going through a hilly region stands at approximately EUR 5 M per kilometer. The framework cost of a highway going through a mountainous region stands at approximately EUR 6 M per kilometer, while that of one going through plains stands at approximately EUR 3.8 M per kilometer. The same goes for a new national road technical class III.