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European Commission grants Romania 800 million Euro to finish 2007-2013 projects

The European Commission (EC) has granted Romania 800 million Euro to help it finalize some big projects started during the 2007-2013 financial exercise.

2018-01-30 13:16:11

The EC will finance ten projects from the transport, waste management, water and sewage infrastructure and natural disaster prevention.

"These projects are more than simple infrastructure investments, used efficiently they can become catalysts for local, regional and national development. Therefore, it's more important that EU funds are used strategically and according to Romania's investment priorities," said Corina Cretu, the European Commissioner for Regional Policies, according to Romania-Insider.

The ten projects include finalizing the Brasov ring-road and the Sighisoara-Coslariu railway segment.
Corina Cretu said she would have a talk with the new prime minister on accelerating the EU funds absorption. She explained that Romania has made progresses in recent months in terms of project selection, but the project implementation is still slow.



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