Minister: Romania To Sign New EU Financing Contracts For Infrastructure Projects By End-Nov

The Romanian Transport Ministry will sign by the end of November European financing contracts worth EUR500 million for road infrastructure investments, Transport Minister Anca Boagiu said Saturday.

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Boagiu said construction works on 434 kilometers of highway on the Pan-European Corridor IV are currently in progress. She added that works on four other highway sections will start soon.

Romania has so far signed European financing contracts worth EUR725 million for infrastructure projects and will raise the total value of contracts to EUR1.25 billion by the end of November, said the minister.

On Saturday, Boagiu inspected upgrade works on national road 24, which links Barlad to Albita in eastern Romania. The 279 million lei (about EUR65 million) project is 68% financed with non-reimbursable EU funds.

(EUR1=RON4.3150)

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