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Executive to allot RON 35 billion for investments this year, RON 45 billion in 2012

Government will allocate RON 35 billion for investments this year, and a further RON 45 billion, the next, Mediafax quoted PM Emil BOC to have said in a press conference, on the 15th of April, 2011. "Investments, developments and jobs, this is what we need first and foremost, since this is how we can pay salaries and pensions. Government's goal is to re-channel more money into investments. In 2010, we apportioned RON 33 billion, this year, RON 35 billion, and in 2012, we will assign RON 45 billion", BOC said at the signing ceremony of the Valea Ialomitei underground depot and station part of the METRO Highway no 5.

The premier also referred to Bucharest as a "strategic objective" for this Government. "The Capital is and will remain a strategic objective for this Government, which is investing not only in the National Stadium, where we poured EUR 35 million last year, but in the transport infrastructure as well", BOC said.

PM praised the efforts made by the Ministry of Transport and Infrastructure (MTI) to draw EU money and to "get Romania going again" with respect to absorption of European funds, a fact noticeable at the tender for the Pan-European Corridor 4. Back in March, Transport Minister Anca BOAGIU announced the intention to increase the absorption rate of European funds by 16 percents by the end of this year from 4 pc currently. He also said that an absorption rate of 20 percent supposes the European Commission going to increase payments from EUR 113 million to EUR 500 million.

While at Gura Humorului, on the 16th of April, 2011, at the signing ceremony of two projects benefiting from funds via the Sectoral Operational Program (SOP), Premier Emil BOC said that Suceava County will soon draw EUR 1 billion worth of European funds, praising local authorities as a model that deserves being followed in drawing European funds, and his fellow Democrat-Liberal and Chairman of the Suceava County Council, Gheorghe FLUTUR.

The head of the Executive made implementing projects eligible for European funding the main challenge in the upcoming period, adding that, of the EUR 12 billion contracted so far, actual payments add up to EUR 2.3 billion, mostly pre-funding. The PM called on local authorities to get strongly involved in the process, given the ecological landfill in Suceava County as example, where works began prior to financing, with reimbursements being made now. He stressed Romania has an additional chance to step up economic growth through absorption of European funds. The premier also said that, during this week, Government will amend the public-private partnership law in line with the European demands, followed by a national list being launched of public-private partnership projects including investments in motorways, environment, hydropower plants, hospitals and other projects beyond the resources available to the national budget or European funds. In her turn, Elena UDREA, Minister of Regional Development and Tourism, said that EUR 3 billion were allocated last year of the EUR 4.3 billion cap, with the focus now being on actual spending.

Separately, on the 16th of April, the Ministry of Regional Development and Tourism put up for tender the rehabilitation works on 149 kilometres of county roads and 188 kms of local roads in the counties of Botosani and Suceava, at a maximum cost of RON 569 million, exclusive of Value Added Tax (VAT). UDREA said a number of 20 packages of two counties each will be gradually put up for tender. The tender is the first of a string of such actions to be held in all of Romania's counties. The upper cap is put at RON 208 million for roads in Botosani County, and RON 360.4 million, in Suceava.

Published on 17.04.2011

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