AcasăEurope NewsGov't to approve funding for two big railway projects

Gov’t to approve funding for two big railway projects

Published on

The Government will approve in Wednesday’s meeting the funding of two railway projects already started, Cluj – Oradea – Episcopia Bihor and Caransebes – Timisoara – Arad, over 320 kilometres, supported by the National Resilience and Recovery Plan (PNRR).

The European Investment Bank will provide a 600 million euro, part of the financing for these investments, Prime Minister Marcel Ciolacu said at the beginning of the Cabinet meeting.

„It concerns the electrification and rehabilitation of the Cluj – Oradea – Episcopia Bihor line and the modernisation of the Caransebes – Timisoara – Arad railway line,” Ciolacu said.

The government will also approve investments in the Port of Constanta, as well as in road infrastructure in Vaslui.

„We continue to invest in the development of the Port of Constanta, Romania’s strategic objective. The aim is to transform it into a logistic hub at the Black Sea. We are financing with over 750 million lei rehabilitation works to ensure a second rail access to the Port of Constanta. We maintain the pace of investments in road infrastructure and approve the first funds for the Vaslui bypass. We are also allocating over 500 million lei to rehabilitate the 36-kilometre national road Giurgiu – Ghimpati,” Ciolacu said.

AGERPRES

Latest articles

161 MPs sign petition to suspend President Iohannis from office

The Young People's Party (POT) announced on Thursday that 161 lawmakers from POT, the...

Government has set date of presidential elections for May 4, electoral period starts on February 18

The government approved on Thursday that the date of the presidential elections will be...

Ministry of Finance borrows RON 800 million off banks on Thursday

The Ministry of Finance (MF) borrowed on Thursday RON 800 million from banks through...

Airline TAROM’s newly established technical arm to provide civil aircraft maintenance and repair services

Romania's flagship airline TAROM has a newly established technical arm - TAROM Tehnic, tasked...

More like this

161 MPs sign petition to suspend President Iohannis from office

The Young People's Party (POT) announced on Thursday that 161 lawmakers from POT, the...

Government has set date of presidential elections for May 4, electoral period starts on February 18

The government approved on Thursday that the date of the presidential elections will be...

Ministry of Finance borrows RON 800 million off banks on Thursday

The Ministry of Finance (MF) borrowed on Thursday RON 800 million from banks through...