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May 17, 2022
BUSINESS

Romania spent RON 75 bln in more than a decade, to repair and build roads

The governments that were in power over the last nearly 15 years spent almost RON 75 bln to repair and build roads throughout the country, Money.ro informs. More precisely, a total sum of RON 74.42 bln was spent between 1997 and 2010, and more than half of the sum was allotted during the last three years.Over the aforementioned 14-year interval, the average exchange rate was 3.8 RON/EUR, so the sum of RON 74.42 bln would be equivalent to EUR 19.6 bln – very close to the loan taken from the IMF and the other financial institutions. Building one kilometre of the Constanta – Medgidia motorway cost the Romanian state between EUR 3.6 M and EUR 5 M, while the motorway segment between Gilau and Nadaselu was constructed at the maximum price of EUR 4.8 M per km. Currently, Romania is the “proud owner” of some 350 km of motorway.The biggest sum was spent in 2008, when RON 14.33 bln went to building new roads and repairing the existing ones. Out of the total sum, only RON 828 M served to the construction of motorways.In an interview with the ‘Evenimentul Zilei’ newspaper, former Transport minister Anca Boagiu mentioned that the Bucharest–Ploiesti motorway must be finalised, same as the motorway to the seaside, except for the Cernavoda-Medgidia section. “There are also the 200 km that must be completed this year. Apart from them, the ministry also has 434 km of motorway in construction, plus 117 km more that will be auctioned these days on Corridor IV. The deadline for everything that has been auctioned so far on Corridor IV is the beginning of next year. As for Sibiu-Pitesti, the intention is to propose it for financing as part of the next sectoral operational programme, which is a guarantee that money will also be available at that moment,” she explained.

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