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.
Payments from post-accession non-refundable financing will increase 6.9% this year, compared with last year’s preliminary estimate of RON280.5 million to RON300 million, while payments from foreign loans to the state or contracted with state guarantees will halve, from RON1.39 billion to RON657 billion.
According to the draft budget, CNADNR posted profits of RON233.98 million in 2011 and expects RON245.71 million this year, and RON195.73 million, 20.3% less, in 2013. The profits will be used to cover accounting losses from previous years.
Revenue is seen at RON1.51 billion, down 10.6% compared with last year’s RON1.69 billion, while losses will drop by 13%, from RON1.45 billion to RON1.26 billion. Income from road and bridge tolls is expected to increase by 5.6%, from RON984.73 million to RON1.04 billion.
In 2011, 58 km of highway were opened to traffic, made up of the Timisoara-Arad segment (32 km), the Constanta ringroad (around 8 km) and parts of Medgidia-Constanta (around 25 km). According to schedule, this year will see the completion of a further 90 km of highway (Bucharest-Ploiesti and Medgidia-Constanta), as well as 64 km of the Suplacu de Barcau-Bors section of the Transylvania highway.
CNADNR last year signed nine contracts for the construction of around 180 km of highway, due by 2013. The contracts are worth an estimated EUR1.26 billion.