Romania registers over 50% absorption rate for EU funds for transport
The Sectoral Operational Programme Transport recorded, on November 25, an absorption rate of 51.38% of the total 2007-2013 budget and will end the year with a rate of 56.07%, or more than EUR 1 billion, according to the Romanian Transport…
Irina Marica · Journalist
· Updated · 1 min read
The Sectoral Operational Programme Transport recorded, on November 25, an absorption rate of 51.38% of the total 2007-2013 budget and will end the year with a rate of 56.07%, or more than EUR 1 billion, according to the Romanian Transport Minister Ioan Rus. For 2015, Romania is expected to absorb 90% of the allocated funds, and even exceed this percentage, reports local Economica.net. According to Rus, a series of projects are already prepared and several bids for feasibility studies are currently being evaluated. Irina Popescu, irina.popescu@romania-insider.com
