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October 28, 2020
BUSINESS

Gov’t sets EU projects priorities: Works worth EUR 7 bln, 0 per cent completed

The government has compiled a list of 60 EU-financed projects that will be addressed with priority, most of them being completed slightly above 0 per cent although their total value surpasses EUR 7 bln, the intention being to hike the rhythm of works by at least 5-10 per cent by the end of next year, Mediafax informs.

The list includes local infrastructure, environment protection, heating, highway and national roads construction projects, the European Union’s financial contribution representing more than half (EUR 4.7 bln) of their total value (EUR 7.3 bln). Most of the projects, signed last year or in the spring of 2011, are completed in proportion of just above 0 per cent. The completion rate for projects started in 2009 or 2010 stands slightly above 1 per cent. All these projects have to be completed in 2012-2015.

Ruling coalition leaders were scheduled to meet with IMF officials yesterday evening at the government headquarters in order to discuss next year’s draft budget, official sources informed. Premier Emil Boc was expected to take part in the talks.

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