All Metrorex projects now financed by EU: Line 4 gets EUR 116 mln to be completed in next two years

Newsroom 09/10/2014 | 10:40

Extending subway line 4 (Parc Bazilescu – Lac Straulesti) will receive EUR 116 million European Funds and should be completed by 2016. All Metrorex projects are now on the list of EU funded projects. Moreover, EU will also finance terrain acquisitions, not just construction work, writes

The European Commission announced on Thursday that Subway line 4 – Parc Bazilescu – Straulesti is eligible for non-reimbursable funding and will supply EUR 116 million for the project to be completed by 2016. The total cost for the new subway that connects Bucurestii Noi neighborhood to downtown is EUR 172 million, without VAT.

“We are working frenetically, you can go see the construction site”, says Aurel Radu, Metrorex director.

The new subway section is an extension of the subway line already functional which currently connects Gara de Nord to Parc Bazilescu. In the next two years the north-western neighborhoods in the capital will be connected to Gara de Nord and the rest of downtown.

Like in the case of subway line 5 (Drumul Taberei – Eroilor), Italian company Astaldi will run the construction work. For line 5, the total cost of operations will be EUR 1.2 billion.

BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue