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Projects of 6 billion euro in energy and infrastructure with China

Romania and China have projects of 6 billion euro, said premier Victor Ponta at the beginning of the government meeting. He added that in the present geopolitical context, when the Romanian state supports sanctions imposed on Russia, new markets have to be identified.


“The projects we have are investments in energy and infrastructure of 6 billion euro, which means jobs, energy self-sufficiency for Romania and the possibility to complete what we get from European funds and budget funds to improve infrastructure. The USA and EU have strategic partnerships with China. It is very important if we succeed in getting investments, in creating new jobs, in being self-sufficient and I wish our economic relations with other non- EU countries could equally help us in our economic development, as long as Romania thinks that new economic sanctions against the Russian Federation are needed for the infringement of international law and the involvement in the crisis in Eastern Ukraine,” Ponta told the ministers present at the government meeting on Thursday.


The premier pointed out that new sales markets and new investment sources must be found to allow Romania to continue its economic growth.


Premier Ponta made an official visit in China between August 30 and September 3, upon the invitation of his Chinese counterpart Li Keqiang, as an answer to the visit made by the latter in Romania in November 2013.


The government discussed with several Chinese companies the possibility of building a high speed railway between Bucharest and Iasi which might continue to Chisinau, as long as the European Commission is against a high speed line between Bucharest and Constanta.


Ponta tested the performance of high speed trains in China on Tuesday and traveled by such a train from Beijing to Tianjin with the minister of transports Ioan Rus.


According to a PwC and Oxford Economic report, expenses with infrastructure will grow by 5% in Romania until 2025, more rapidly than in Western Europe, but slower than at world level, the total amount allocated reaching 30 billion dollars by 2025.