Romania, EC approves EUR 246 mln financing for highway
New segment to connect Targu Mures-Ogra-Campia Turzii
20 June, 15:11The project should be finalized by October 2019, according to an announcement of the European Commission. Once finalized, this highway would reduce the drive from Targu Mures to Campia Turzii from 62 minutes to 36 minutes. The project's total value is EUR 386 million, 75% of which is covered by the European Commission while the rest comes from the state budget.
This highway section is part of Corridor 9 - Rhine-Danube, which connects the French city of Strasbourg to the Romanian Black Sea port of Constanta.
According to Romania-Inder.com, Romania benefits from a financial allotment of over EUR 22 billion as part of the European Union's cohesion policy, for the 2014-2020 period. Big transport infrastructure projects should draw some EUR 5.1 billion worth of financing. (ANSA).