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October 19, 2021
ECONOMY FINANCE&BANKING

EC approves EUR 170 M for first phase of Bucharest subway Main Line 5

The European Commission approved on Tuesday, July 12, the modifications to the major project concerning “Subway Main Line 5, Raul Doamnei – Eroilor Section, including Valea Ialomitei.” The decision concerns the grading of the project into two phases, the first being included in the 2007-2013 financial framework and the second set to be financed during the 2014-2020 financial framework.

As a result of the European Commission’s decision, the first phase of the project has an eligible cost of almost EUR 200 M, of which approximately EUR 170 M will be co-financed from the European Union’s European Regional Development Fund. The project has a total cost of EUR 480 M.

European Commissioner for Regional Policy Corina Cretu stated: “The construction of the subway’s Main Line 5 is a project of great importance for the people of Bucharest because it will lower the travel time from Drumul Taberei neighbourhood to Eroilor by almost 20 minutes. It is estimated that more than half of the 335,000 people living in Drumul Taberei and adjacent areas will use the future subway line. At the same time, this subway line is expected to decongest traffic in Bucharest’s western area.”

Main Line 5 will have a total length of 6.7 kilometres, 10 stations and a rail yard located in Valea Ialomitei. It is expected for the project to be completed by 31 December 2017. This major project is part of the Transport Operational Programme, Priority Axis 2, “The modernisation and development of national transport infrastructure in order to develop a sustainable transport system.”

Bucharest’s subway network has a total length of 69.25 kilometres of double track, 4 main lines and 51 stations.

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