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Bogdan Nitulescu, Tremend
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Bucharest underground mainline, motor way to Brasov and Magurele laser among the first 20 public investment projects

The first 20 public investment projects which will have the highest financing from the national budget in 2014 will qualify for about EUR 1.12 billion (5 billion lei), of a total RON 13.33 billion earmarked in the national budget for almost 400 public investment units, according to data presented this week by Minister Delegate for Budget Liviu Voinea at a public debate on the methodological norms for making public investments a pri

2014-03-07 12:01:25

The highest financing was planned to be given to Bucharest underground mainline V, to a motorway connecting Bucharest to Brasov (central Romania) and a project for industrial laser at Magurele. A sum of RON 100 million was set aside for the National Theatre House and the investment will be finalised in 2014.

In 2013 the public investment projects from the national budget amounted to RON 12 billion and almost RON 6 billion (50 percent) were allocated for the first 20 investment projects. The highest allocations went to the motorways connecting Lugoj to Deva (both in western Romania) and Cernavoda to Constanta (both in south-eastern Romania).

In 2014, 375 investment projects will be financed from the national budget, of which 100 are significant investments (worth over RON 100 million). A total amount of RON 7.22 billion (26 percent) will be allocated to significant investments.

According to Minister Voinea, the shortage of financial resources makes the average duration for finalising investment projects be nine years for ongoing projects, but there are also investment projects that would be finalised in 700 years if their financing were identical with the one in the past.

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