BUSINESS

EC approves Romania’s Transport Master Plan

* EC specialists propose corrections related to the “missing link” factor and the environment impact criterion

 

According to relevant officials, last week a Transport Ministry technical team led by secretary of state Iulian Matache presented Romania’s General Transport Master Plan (MPGT) to the specialists of DG REGIO, DG MOVE and DG ECOFIN in Brussels.

Following the discussions, the EC representatives approved the national transport model and the cost-benefit analysis model. The two models were used in the MPGT in order to determine the projects’ economic efficiency.

In what concerns the project prioritization methodology – that takes into account the economic and environment efficiency level – the European Commission proposed corrections related to the “missing link” factor and the environment impact criterion.

In what concerns the project implementation strategy, the European Commission’s representatives recommended for it to be put in agreement with financing sources, with the project implementation order established in line with the EES scenario and with the EUR 7 bln public loan recently approved by the government. At the same time, EC representatives asked the Romanian authorities to give assurances that this loan falls within the budget deficit target and public debt target that Romania has to respect as an EU member state.

The European Commission will send its observation on the MPGT in writing by 31 March 2015, after which the Transport Ministry will send back the MPGT in its final form on April 1-9. The procedure of cross-border strategic assessment is taking place in parallel with Bulgaria and Serbia in order to obtain the environment permit by the end of May.

 

 

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