The European Commission has approved financing totaling EUR 724 million for building Nadlac-Arad and Orastie-Sibiu highways, part of the pan-European Corridor IV. This grant is disbursed from the EU Cohesion Fund and will available be for the 2011-2013 period.
“The approval of European financing for these two projects will also increase the absorption rate of EU funds by the Transportation and Infrastructure Ministry. In 2012 and 2013 we will fully spend the EUR 2 billion that have been allocated for road infrastructure projects”, said Anca Boagiu, the minister of Transportation and Infrastructure.
The Nadlac-Arad project involves building a two-lane highway with a length of 39 kilometers and a 6 kilometer connection road between Nadlac and DN 7. The EU grant for this project is EUR 214 million, and is expected to be finalized in 2013. The average travel time for driving between Nadlac and Arad cities will be 26 minutes.
The Orastie-Sibiu project involves building a two-lane highway with a length of 82 kilometers. The EU contribution for this project is EUR 510 million, and is expected to be finalized by 2013. The average travel time for driving between Orastie and Sibiu cities will be 56 minutes.