EU Keeps Financing Romania’s Major Infrastructure Projects Left Unfinished
Seven major infrastructure projects, which were due to be completed within the European Union’s former financial framework for 2007-2013, have received green light from Brussels to still get financing from the new budget in order to avoid losing the money.
Three projects target roads and four target water supply and sewerage systems.
The seven projects are co-financed through the European Regional Development Fund (ERDF) or the Cohesion Fund, according to a press statement released on Monday by the European Commission Representation in Romania.
The transport infrastructure projects target: national road Pitesti-Campulung-Brasov: modernization of national road DN 73; the Sebes-Turda highway: the new 70-km highway will connect A1 highway (Orastie–Sibiu) to A3 highway (Gilau-Campia Turzii); national road DN 76: rehabilitation of national road connecting Deva to Oradea.
Other four projects approved target the extension and rehabilitation of water supply and sewerage systems in the counties of Brasov, Hunedoara, Olt and Tulcea. (mediafax.ro)
Two Japanese Banks In Talks With Gazprom For EUR800M Loan
Two Japanese banks, Mizuho Bank Ltd and Sumitomo Mitsui Banking Corp (SMBC), are preparing a deal for granting EUR800 million loans to Russian gas giant Gazprom, according to sources cited by Reuters.
Japan’s Prime Minister, Shinzo Abe, and Russian President, Vladimir Putin, will have a meeting in less than two weeks. The deal is likely to be signed when Putin visits Japan on December 15, according to one of the sources.
JPMorgan Chase & Co could be part of the deal, according to Reuters’ sources.
Contacted by Reuters reporters, Mizuho, SMBC and Gazprom refused to comment on the matter. (mediafax.ro)