cost standards

The construction of highways will have a cost standard per kilometer of EUR5.05 million to EUR6.1 million, VAT not included, and capital repair works on a railroad will cost EUR1.19 million/km, VAT not included, according to a draft Government Decision drawn up by the Romanian Transport Ministry.

Romanian Prime Minister Emil Boc will meet Monday afternoon, at the government’s headquarters, with representatives of local authorities for a first discussion regarding cost standards, which will become mandatory for all local public institutions.