Draft: Government to spend RON 63 bln on 115 investment projects

The Romanian Government has selected 115 public investment projects which are considered a priority for the 2015 state budget and entail total funds of over RON 63 billion in upcoming years, writes Mediafax.

Out of the 63 billion, the necessary financing until 2020, a total of RON 39.1 billion will need to be covered by the state budget.

The projects are up to be introduced in the draft 2015 budgets for the General Secretariat for the Government (73 projects), Ministry of Transport (24), Ministry of Environment (7), Ministry of Justice (3), Ministry of Health and Ministry of Economy (two each), Ministry of Culture, Ministry of Regional Development Ministry of Education and Security Service (one each).

The cumulative value of all the projects is over RON 114.5 billion. 70 projects are currently in development and are between 0.01 percent and 99 percent finished. These projects need financing worth RON 48.79 billion, representing 77 percent of the total. 25 projects are finalized, but have to be paid for, requiring RON 482.2 million in financing.

20 projects need RON 13.8 billion (21 percent of total) to be initiated. For these investments, the Government will try to obtain non-reimbursable funds from international organisms.

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