BUSINESS

In Brussels “he who distributes the spoils gets the lion’s share”: Romania benefits from just EUR 860 M from CEF-T

Seven projects proposed by Romanian authorities and companies are among those selected following the first call for proposals as part of the Connecting Europe Facility. The total funds offered by the EU stand at approximately EUR 862.5 M, the level of co-financing from European funds standing at 85 per cent. The projects consist of feasibility studies and rehabilitation works in the railway infrastructure and inland ports domains. Unlike small states in Northern Europe or just as small in Central Europe, Romania was selected for several railway sections that are part of the Orient/East-Mediterranean Corridor.

Overall, the European Commission has proposed the earmarking of EU funds of EUR 13.1 bln for a total number of 276 projects in the transport domain. It is estimated that these investments will unlock supplementary public and private co-financing of EUR 28.8 bln.

Maybe in the second call for proposals Romania will be better represented on the list of projects to be financed by the EC. For the only reason that based on strategic importance, on total area and population size we are 7th in the EU.

 

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