Romania to get 9.5 billion Euro funds for transport, environment, energy
Romania will get close to 9.5 billion euros for investments in projects on environment, energy and transport, by means of the Operational Programme for Major Infrastructure of Romania (POIM)-2014-2020 adopted by the European Commission, the Commission Resident Office in Romania announced in a release. 2015-07-13 15:00:22
The programme accounts for nearly half the 23 billion Euro earmarked for Romania under the EU cohesion policy. When taking into account the co-funding from the national budget too, the programme is worth more than 11.8 billion Euro aimed at the growth of the economy and the creation of jobs, the Office explained, quoted by Actmedia.
Speaking of this decision, European Commissioner for Regional Policy Corina Cretu said it represented the largest operational programme of Romania and Europe second-largest.
"This investment package, the largest operational programme of Romania and Europe′s second-largest, will contribute to the development of a sustainable and eco-friendly transport system; it will protect the environment and will enhance the country′s energy efficiency. The programme will strengthen the economic competitiveness of Romania and will bring the towns and regions of Romania closer to the European Union. Better railway and road connections will also open new business opportunities, will cut the costs relating the railway freight and the time assigned to travelling by us all. I invite the authorities to begin implementing the key projects on infrastructure and natural resources, that will make a decisive contribution to the development of Romania", Cretu underscored.
European Funds Minister Marius Nica, in turn, stressed that the POIM will implement the Transport Masterplan as well as the strategy of the Romanian transport sector for the next years.
According to a release of the European Funds Ministry, POIM 2014-2020 ensures funding the main development priorities of Romania on the transport sector by an allotment of 6.8 billion Euro (5.1 billion Euro of it being contributed by the EU); the environment sector by an allotment of 4.47 billion Euro (3.8 billion Euro of it in EU money); and the energy sector by 600 million Euro (520 million Euro contributed by the EU).
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