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24 October 2018

Romania seeking EU funding for road projects

First published24/10/2018

Romania is keen to develop its road network and is seeking EU funding to help pay for a series of major projects. One of the key projects being prioritised is for the new ring road around the capital Bucharest. Building this ring road would reduce the numbers of vehicles having to pass through the city, helping to address congestion issues at peak periods.

The Romanian Government is hoping to source a finance package worth over €1.3 billion from the EU for the ring road. Meanwhile tender process is underway for the Ploiesti to Brasov highway. The project is envisaged as a PPP scheme and the deal should be signed in December 2018.

These road projects are essential for Romania’s development and the country has been criticised for its slow progress in improving and expanding its road network, one of Europe’s most under-developed.

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