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Romanian Public Road Authority Expects Over RON750 Million From Road Tax This Year

Romania's national road and highway authority CNADNR expects to earn 755.24 million lei (EUR1=RON4.2651) from road taxes this year, having earned RON669.73 million in the first 11 months of last year.
Romanian Public Road Authority Expects Over RON750 Million From Road Tax This Year
Indira CrasneaRadu Bostan
23 ian. 2011, 14:46, English

In 2009, the company’s revenue from the road tax was RON635 million.

CNADNR’s preliminary estimate on its 2010 turnover is RON840.13 million, up 11.6% from 2009, when its turnover was RON752.46 million. The rise owes to the implementation of the electronic road tax issue, management, monitoring and control system, on October 1, said the company. Its projected turnover for this year is RON946.11 million.

According to company estimates, CNADNR turned a profit of RON624,270 in 2010,following losses of RON528.19 million in 2009.

CNADNR anticipates the opening of new highway segments in Romania this year, totaling around 117 km: Cernavoda-Medgidia (19.25 km), Medgidia-Constanta (31.5 km), Arad-Timisoara (32.25 km) and the beltways of Constanta (22 km) and Arad (12.25 km). The company also expects work to be complete on the restoration of 238.6 km of national road.

Last year, CNADNR submitted five projects to the European Commission, worth a total EUR686.47 million, which will be provided both by the European Union and the state budget. They include the Lugoj-Deva highway (EUR375.7 million), the Timisoara-Lugoj Highway (EUR230.59 million), infrastructure improvement to increase the safety of DN1 (EUR41.11 million), beltways for Carei, Satu Mare County (EUR23.85 million), and Sacuieni, Bihor County (EUR15.21 million).