Thus, the first stage is included in the 2007-2013 programming period, and the second will be financed in the 2014-2020 programming period.
Following the decision of the European Commission, the first stage of the project has an eligible value of nearly EUR200 million, of which approximately EUR170 million represents co-financing from the European Union through the European Regional Development Fund.
“The construction of Metro Line 5 is a project of great importance for Bucharest citizens as it will shorten the time it takes to travel between Drumul Taberei and Eroilor areas by about 20 minutes. More than half of the 335,000 residents of Drumul Taberei and the surrounding areas are expected to use the line. At the same time, it should reduce congestion on the roads in the western area of Bucharest,” said EU Commissioner for Regional Policy, Corina Cretu.
Metro Line 5 will have a length of 6.7 km and includes 10 metro stations as well as a depot at its western end. The entire project is estimated to be finalized by December 31, 2017.
The project is part of “Transport” Operational Programme “, under the priority axis “Modernization and development of the national transport infrastructure aiming at a sustainable national transport system”.