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Bucharest
March 8, 2021
BUSINESS

EC OKs EUR 170 M project for protection of Romanian Black Sea shore

The European Commission has approved the earmarking of EUR 145 M for a project worth EUR 170 M for the protection of a 7-kilometer segment of the Romanian Black Sea shore, between Constanta and Eforie Nord, the European institution announced , Mediafax informs. The project will expand the beach by 33 hectares by 2015 and it is estimated that approximately 278,000 people will benefit from the rehabilitation of the shore, the project set to generate approximately 250 jobs. European Commissioner for Regional Policy Johannes Hahn stated that the project is a concrete example of the way in which structural funds contribute to environment protection and to regional economic development. Moreover, by lowering the risk of flooding the project will contribute to the avoidance of possible material damages running into the millions of Euros. Risks concerning the tourists’ and locals’ health and safety will also be substantially lowered.

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