Romanian Road Authority's Investment Spending Up 0.27% This Year
Romanian road authority CNADNR's budgeted investment spending will be raised this year by 21 million lei (EUR4.8 million) or 0.27%, to RON7.751 billion, of which almost half will come from funds for projects with non-refundable financing.
Preliminary data on last year’s budget indicate investment spending of RON7.73 billion last year.
Of the total sum of investments budgeted for this year, 48.4% or RON3.64 billion, is made up of payments from projects with foreign non-refundable financing. Last year, non-refundable EU financing amounted to RON1.26 billion or 16.3% of investment spending.
Therefore, the investment budget excluding non-refundable financing will be RON4.1 billion, down 36.4% from last year’s RON6.46 billion.
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