ECONOMY FINANCE&BANKING

EUR 373 M for heating infrastructure, electricity and natural gas transmission infrastructure

The European Funds Ministry (MFE) has finalised the project guides and is launching the calls for projects that make possible the use of European grants for the development of heating infrastructure and of electricity and natural gas transmission infrastructure starting in 2016, a MFE communique issued last Thursday shows, Agerpres informs.

The total budget is EUR 373 M, of which EUR 187 M are earmarked for Bucharest.

“The guides are meant for the national operators of electricity and natural gas transmission grids – Transelectrica and Transgaz respectively – but also for the city halls of eight cities: Bucharest, Botosani, Iasi, Ramnicu-Valcea, Bacau, Timisoara, Focsani. The EU’s request to finance these cities is rooted in Romania’s pre-EU accession period (PHARE project). The financing seeks to reduce losses registered along the heating transmission grid, estimated at one third of the energy produced in Bucharest, and to lower the cost of heating,” MFE informs.

The Large Infrastructure Operational Programme (LIOP) 2014-2020 is the second largest programme in the EU, having a budget of EUR 12 bln for the transport, environment and energy sectors.

In April-May, MFE launched guides for projects worth EUR 5.8 bln in the transport sector and EUR 3.5 bln in the environment sector.

LIOP’s portfolio for the Bucharest City Hall includes the sums for heating and the resizing of the transport network (EUR 187 M), for the waste incinerator (around EUR 200 M) and the sewerage system upgrade project (EUR 325 M).

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