The EU-funded operational program for transport (POS-T) is carried out within the Transport Ministry.
The ministry was allotted EUR5.7 billion for 2007-2013 through the program, which is aimed to upgrade transport infrastructure.
Of the total value of the reimbursement request, RON107.05 million represent EU contribution (RON84.72 million in cohesion funds and RON22.32 million in regional development funds). The remainder will be covered with national co-financing.
The amount of money refunded by the European Commission within the transport program stood at EUR279.86 million at the end of February, which means an absorption rate of 6.13%, the ministry said in a press release.
The refund request targets several key transport infrastructure projects: the construction of highways Arad-Timisoara, Orastie-Sibiu and Nadlac-Arad, and of several beltways and roads of national interest. Other projects concern the creation of a transport management system for the Danube-Black Sea canal, and of a waste collection management system for maritime Danube ports. (EUR1=RON4.3558)