European Commission approves EUR 409 mln investment in Eroilor-Drumul Taberei metro section in Bucharest

The European Commission recently approved an investment of EUR 409.5 million from the Regional Development Fund (FEDR) for the Eroilor-Drumul Taberei section of the Bucharest metro Line 5. The European Commission says that the 335,000 people living in Drumul Taberei neighborhood are the main beneficiaries of this investment. “3,000 jobs are to be created during construction works and 246 after the completion of the project,” reads the statement. The investment will be made through the POS Transport program. FEDR will supply EUR 409.5 million out of the total necessary amount of EUR 481.7 million. Eroilor-Drumul Taberei section is to be completed in the second half of 2016, Catalin Homor, Metrorex investment manager said in late-May, quoted by local Digi24. Irina Popescu, irina.popescu@romania-insider.com