The European co-financing share for large infrastructure projects, such as Bucharest Metro Line 6, increases from 75% to 85%. According to the Representation of the European Commission in Romania, the European Commissioner for Regional Policy Corina Cretu approved the amendment of the Operational Programme Large Infrastructure (POIM) through which several European funds will be allocated to projects of major importance for Romania, such as Metro Line 6 or Unirii Highway.
Thus, the European co-financing share increases from 75% to 85% for projects on the development of the Trans-European Transport Network (TEN-T), of the metro network and of multimodal transport networks.
The decision is also valid for port infrastructure, freight terminals, container handling areas, logistics and major railway installations.
“Romania needs a modern transport infrastructure to support its economic growth. The amendments we have approved within the POIM are aimed to stimulate the development of the road and railway transport networks that Romania needs to much. We hope to receive new project proposals from Romania in the next period especially for transport infrastructures”, declared Corina Cretu.
The European Commission’s decision regarding the amendment of the Operational Programme Large Infrastructure follows Romania’s demand on the matter in October 2018.
In 2014-2020, Romania’s share of grants through the European Union’s cohesion policy amounts to EUR 22 billion of which EUR 9.2 billion are dedicated to the Operational Programme Large Infrastructure.
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