Transport Ministry to launch tenders with EUR 3.14 bln European financing

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The Transport Ministry will launch tenders with European financing, through the Transport Regional Operational Program, worth EUR 3.14 billion by year-end, according to Transport Minister Radu Berceanu.

European funds worth EUR 41 million have been drawn so far and other EUR 60 million would come in the coming days from the EU.

“I am sure this time next year the Transport Ministry will rank first in terms of European funds drawn effectively, and we do not have pre-financing as in the case of other programs and the procedures last between one and one and a half years until the tenders are won. Moreover, we have only 60-70 projects that total over EUR 6 billion, because they are high-value projects “, the Transport Minister has said.

Berceanu added that until 2015, the ministry must draw over EUR 6.7 billion, and some 90 percent from these projects would be put out to tender in the coming period.

AGERPRES

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