Romania has Lost 1.8 - 2 Billion Euro in Transport Infrastructure

Romania has lost between 1.8 and 2 billion euro from total allocated funds of 19.5 billion euro in its most sensitive area, the transport infrastructure, said European Commissioner for Regional Policy Corina Cretu. “From 2007 to 2011, the absorption rate was 4%. We took office in 2014 with an absorption rate of 48%. We close the financial cycle (...) with an absorption rate of nearly 90% (...) unfortunately, of 19.5 billion allocated euros between 1.8 and 2 billion euros have been lost for Romania's most sensitive area, the transport infrastructure”, Cretu explained, says digi24.ro. She stressed that in the current financial cycle Romania has a total allocation of about 31 billion euro, including money for agriculture. “European funds provide funding for about 60-65% of public investment in Romania. I say every time there were problems with project implementation. I was talking about cumbersome procedures and reduced administrative capacity. Today, we are talking about things that did not happen yesterday or in the last year. This is a weakness of Romania that goes back to the beginning of its joining the European Union when the country was not ready to access such a sum of money”, Corina Cretu said. Source: Point.md