RRI Live!

Listen to Radio Romania International Live

Investment in development

The first 116 projects funded by the Development and Investment Fund were approved on Tuesday

Investment in development
Investment in development

, 18.09.2019, 12:41

The Romanian Government has approved more than 100 projects funded under the Development and Investment Fund, worth some 425 million Euros. Prime Minister Viorica Dancila has announced that the projects support investments made by local communities, all across the country, and their implementation is due to start next month.



Here is PM Viorica Dancila: “These are infrastructure works, for the construction of local roads, the modernization and rehabilitation of streets, schools and kindergartens, but also for hospitals, natural gas distribution networks and sewerage systems. All the approved projects are accompanied by complete documentation.”



The Prime Minister has also said that the infrastructure projects that are currently unfolding have also been successful, including the Sibiu-Pitesti motorway, the Bucharest South ring-road and the express way linking Craiova to Pitesti, in the south. As regards the Sibiu-Pitesti motorway, which will cross the mountains and link the south and centre of the country, a contract has been signed for the first sector, 13 km long, which will be ready in 4 years. It is the only sector for which there is a designated builder. The motorway will be 123 km long and will be divided into 5 sectors. Its a major road infrastructure project, which will ensure the connection with the Pan-European Corridor IV, which crosses the country from the west to the east. The Ploiesti – Brasov motorway, which is a national strategic objective, will cost 1.36 billion Euros and is also due to be completed in four years time.



According to the prime-minister, this is one first package of projects funded by the Development and Investment Fund. The Government will carry on its analysis in order to approve some other projects up to the ceiling of 2.1 billion Euros this year, Viorica Dancila has announced.



We recall that the Development and Investment Fund is aimed at funding development projects that include investments or maintenance and repair works carried our by municipalities and inter-community development associations in priority fields such as health-care, education, water and sewerage, electricity and gas networks, transport infrastructure, sanitation, public lighting, etc. The fund can also be used for university projects, such as building and modernizing education and research infrastructure, accommodation centres or conference halls.


(translated by M. Ignatescu)

(Photo: pixabay@Engin_Akyurt)
Today in the News Thursday, 31 October 2024

Romanians’ concerns

Romanians and Austrians are the most satisfied with their lives among the inhabitants of Central and Eastern Europe, but the former are significantly...

Romanians’ concerns
Elections in Moldova (Photo: Radio Chișinău)
Today in the News Thursday, 31 October 2024

Republic of Moldova, crucial final

On November 3, the citizens of the Republic of Moldova have to choose, for the position of head of state, between the pro-European Maia Sandu, the...

Republic of Moldova, crucial final
Foto: Baza 71 Aeriană / MApn
Today in the News Wednesday, 30 October 2024

Drones, a security issue

The Romanian Ministry of National Defense has placed under decisional transparency a bill that improves airspace security measures. The bill, which...

Drones, a security issue
Foto: pixabay.com
Today in the News Wednesday, 30 October 2024

The Fugitive Law is constitutional

The Constitutional Court of Romania (CCR) has rejected the referral of the High Court of Cassation and Justice (ICCJ) in relation to the so-called...

The Fugitive Law is constitutional
Today in the News Tuesday, 29 October 2024

Challenges of an ageing population

Romanians are getting fewer and older.   The population of Romania in mid-2024 was 21,779,000, down 1% compared to June 1, 2023. According to...

Challenges of an ageing population
Today in the News Monday, 28 October 2024

Romania sees rising public debt levels

Government debt rose in July to over 876 billion lei (that’s around 175 billion euros), from 860 billion lei in the previous month, according to...

Romania sees rising public debt levels
Today in the News Monday, 28 October 2024

Presidential debate in the Republic of Moldova

An unusual electoral debate, in form, but predictable in content, had as protagonists, on Sunday, the two remaining candidates in the presidential...

Presidential debate in the Republic of Moldova
Today in the News Friday, 25 October 2024

The presidential campaign begins

  Romania saw the start of the campaign for the first round of the presidential election on Friday. The campaign ends at 7 am on November 23....

The presidential campaign begins

Partners

Muzeul Național al Țăranului Român Muzeul Național al Țăranului Român
Liga Studentilor Romani din Strainatate - LSRS Liga Studentilor Romani din Strainatate - LSRS
Modernism | The Leading Romanian Art Magazine Online Modernism | The Leading Romanian Art Magazine Online
Institului European din România Institului European din România
Institutul Francez din România – Bucureşti Institutul Francez din România – Bucureşti
Muzeul Național de Artă al României Muzeul Național de Artă al României
Le petit Journal Le petit Journal
Radio Prague International Radio Prague International
Muzeul Național de Istorie a României Muzeul Național de Istorie a României
ARCUB ARCUB
Radio Canada International Radio Canada International
Muzeul Național al Satului „Dimitrie Gusti” Muzeul Național al Satului „Dimitrie Gusti”
SWI swissinfo.ch SWI swissinfo.ch
UBB Radio ONLINE UBB Radio ONLINE
Strona główna - English Section - polskieradio.pl Strona główna - English Section - polskieradio.pl
creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti
italradio italradio
Institutul Confucius Institutul Confucius
BUCPRESS - știri din Cernăuți BUCPRESS - știri din Cernăuți

Affiliates

Euranet Plus Euranet Plus
AIB | the trade association for international broadcasters AIB | the trade association for international broadcasters
Digital Radio Mondiale Digital Radio Mondiale
News and current affairs from Germany and around the world News and current affairs from Germany and around the world
Comunità radiotelevisiva italofona Comunità radiotelevisiva italofona

Providers

RADIOCOM RADIOCOM
Zeno Media - The Everything Audio Company Zeno Media - The Everything Audio Company