The European Commissioner for Regional Policy, Corina Cretu, has approved the funding of over EUR 246 million from the Cohesion Fund, for the building of the highway section connecting the localities Targu Mures, Ogra and Campia Turzii.
The project includes 51.8 km of highway, two lanes on each direction and a section of 4.7 km near the city of Targu Mures. The works have started in 2015 and are yet to be completed. The project should have absorbed European funds from the 2007-2013 financial year, but late contracting has led to delaying the project to the new financial cycle until 2020, hotnews.ro reports.
“This project of high importance, on a strategic European corridor, will contribute to establishing a faster and safer transport network in Romania. It will also make the region more attractive for investors, for tourism and will facilitate economic development, allowing the inhabitants to cut the time needed to go from Targu Mures to Campia Turzii in less than an hour,” Commissioner Corina Cretu said.
According to the EC, the project is to be completed by October 2019.
This section is part of the former contract with Bechtel and was shifted to European funds in 2014.
In the former financial year the European funding reached EUR 25 million. The rest of EUR 240 million was transferred to the new funding cycle 2014-2020.
The works should started in 2016, however, bureaucratic issues have delayed the debut and the deadlines have been postponed.