In 2015, Metrorex, Bucharest’s metro transport operator, plans to absorb EUR 1.3 Billion from the European Commission. The important fact is that for the first time the company has been included on the list of beneficiaries of the Sectoral Operational Programme Transport and has received financing from the non-reimbursable European funds for investment projects. So far, a financing of EUR 400 Million is approved. The development, modernisation and efficiency of metro transport is the main objective of Metrorex’s Board.
The investment activity of Metrorex is the development engine, as well as the metro transport network. Over the past 3 years, the investment budget of Metrorex has increased constantly and in 2014, allocated funds doubled compared to those in 2012. Funds for 2015 tripled compared to 2012. Thus, in 2012, the company invested RON 571 Million (EUR 127.8 Million), in 2013 RON 835 Million (EUR 186.7 Million), in 2014, over RON 1 Billion (EUR 256.8 Million) and in 2015, RON 1.74 Billion (EUR 390 Million), of which RON 1.72 Billion (EUR 384.8 Million) from the non-reimbursable foreign fund.
“Regarding the structure of the investment budget, a relevant aspect is the accentuated increase of the level of absorption of non-reimbursable foreign funds within the SOP-T”, the company states.
Compared to the investment budget for 2012, fully represented by funds allocated from the state budget and reimbursable foreign funds, in 2013 the budget attracted from non-reimbursable foreign funds was of over 31%, in 2014 of 85% and in 2015 of nearly 99%. This activity clearly shows the intensification of investments in approved projects with investments exceeding the achievements of the past 10 years before 2012.
The investment budget allocated in 2013-2014 is part of the metro network development up to 2030 and was dedicated to carrying out investment works for achieving projects approved by the Romanian Government.
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