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Romania needs to invest around EUR 50 billion for transport infastructure

Romania needs to invest around EUR 50 billion through to 2030 to modernize and expand its transport infrastructure, according to the Master Plan published this month by the Ministry of Transport. Experts say that European financiers have an appetite for infrastructure and that Public Private Partnerships (PPP) could help Romania meet its infrastructure goals.The plan was drawn up by US engineering firm AECOM at a cost of EUR 2 million, fully financed from EU money.

“The Master Plan is a mandatory instrument for obtaining EU financing in the transport sector – given the repeated requests of the European Commission (EC), but also because this is an ex-ante condition for accessing structural and European investments,” Nicolae Ursu, senior coordinating lawyer at law firm bpv Grigorescu Stefanica, told BR.

He added that the Master Plan is a preliminary step for the approval of the Large Infrastructure Operational Program (POIM) by the EC, the executive arm of the EU. Romania’s Ministry of EU Funds has proposed funding of EUR 9.4 billion for the program in the current seven-year EU budget that runs through to 2020 reports BUsiness review Romania.