3.9 C
January 18, 2022

45 road transport projects financed with European funds

+ The Large Infrastructure Operational Programme benefits from EUR 11.8 bln in 2014-2020

The Large Infrastructure Operational Programme will finance 45 road transport projects worth EUR 4.83 bln in 2014-2020, according to European Funds Ministry (MFE) data. The projects include the Sibiu-Pitesti, Orastie-Sibiu and Lugoj-Deva highways.

Of these, 18 projects worth over EUR 1.21 bln are projects phased by authorities, while 13 are new pre-identified projects worth around EUR 3.56 bln. Likewise, there are another 14 projects that concern technical assistance for the preparation of the former, worth EUR 45.6 M. Thus, MFE data show that LIOP funds plus national funds total EUR 3.48 bln for these road transport projects.

The phased projects include the Lugoj-Deva Highway (Sections 2, 3 and 4) and the Orastie-Sibiu Highway. Sections 2, 3 and 4 of the Lugoj-Deva Highway should be completed by Q3 of 2018, the investment totalling EUR 410 M. Thus, the project is set to start in Q1 of 2016, the signing of the financing contract being expected in Q4 this year.

The Orastie-Sibiu Highway’s completion date is set in the same period – Q3 of 2018, and the value of the investment left stands at EUR 92.4 M. The project is set to start in Q1 of 2016 and the signing of the financing contract is expected in Q4 this year. The project is expected to be filed at the Management Authority in Q2 this year.

New projects include the Sibiu-Pitesti Highway, which could be ready in the second half of 2023. The total investment surpasses EUR 1.67 bln, according to MFE data, the signing of the financing contract being expected in Q2 of 2017. The project is expected to start in Q4 of 2017, and the signing of the first construction contracts is expected in the first part of 2018.
“The Large Infrastructure Operational Programme (LIOP) was designed to answer Romania’s development needs, needs identified in the 2014-2020 Partnership Agreement and in line with the Joint Strategic Framework and the European Commission services’ Position Paper. The LIOP strategy is oriented toward the goals of the Europa 2020 Strategy, in correlation with the National Reform Programme and the Specific Country Recommendations, focusing on sustainable growth through the promotion of an economy based on low carbon consumption through energy efficiency and green energy promotion measures but also through the promotion of environmentally-friendly transport means and a more efficient use of resources,” the MFE website reads.

LIOP finances activities in four sectors: transport infrastructure, environment protection, risk management and adaptation to climate change, energy and energy efficiency.
The programme benefits from EUR 11.8 bln in funds, of which EUR 6.94 bln from the Cohesion Fund, EUR 2.48 bln from the European Regional Development Fund and EUR 2.46 bln from co-financing.

Related posts

PM Grindeanu to new EconMin: I want you to initiate defence industry revival

Nine O' Clock

Garanti BBVA Romania signs a EUR 40 million loan agreement with The Black Sea Trade and Development Bank to support SMEs affected by the COVID-19 pandemic


World Bank: Romanians working abroad sent home USD 4.9 bln

Nine O' Clock