Property in Romania

Romania to build 2000 km of motorways during 2008-2018

The government plans to open 200 km of motorway per year during 2008-2018 to upgrade Romania’s transportation system, Romania’s Minister of Transports, Construction and Tourism Radu Berceanu said.

Currently, funding for Romania’s motorways construction has primarily come from state budget or from European funds.

For the new motorways, “we also need to use funds coming from other sources, such as commercial credits and a public-private partnership system,” Berceanu said.

The government is also considering leasing as an option to raise funds, which will allow a high level of technical maintenance of the motorway, and the lease period may be 20-25 years, Berceanu said.

Date posted: January 3, 2007