The EU will contribute EUR724 million and the Romanian state will put up EUR126.7 million to build the highways Nadlac-Arad, in western Romania, and Orastie-Sibiu, in central Romania.
The two roads will have a total length of 121.8 kilometers.
“The approval of financing for these two projects will also help increase the Transport Ministry’s EU fund absorption rate by the end of the year and we plan to spend the entire sum of EUR2 billion assigned to road infrastructure works in 2012 and 2013,” Transport Minister Anca Boagiu said in a press release Monday.
She added works on the two highways will start in the upcoming weeks.
The Nadlac-Arad highway will be 38.8 kilometers long and will cost a total EUR240.25 million, of which the EU will contribute EUR213.88 million. Works are slated for completion in 2013.
The Orastie-Sibiu highway will be 82.07 kilometers long, will cost EUR610.45 million, of which EUR510.15 million will come from the EU, and is also scheduled for completion in 2013.