EUR 35 M from WB for the Ploiesti-Brasov motorway

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The government adopted a memorandum on Wednesday by which it gives its agreement for a loan from the World Bank (WB) for the financing of preliminary activities for the construction of the Ploiesti-Brasov highway, a press release informs.

The loan amount is up to EUR 35 million, through the International Bank for Reconstruction and Development, member of the World Bank Group.

In this context, a Project Management Unit will be set up within the Ministry of Transport, which will have the necessary experience with the implementation of such a project and the application of the World Bank procedures. Minister Felix Stroe said at the beginning of the Government meeting that the management unit will be operational by January 15, 2018.

 

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