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Infrastructure expenses will grow by 5% until 2025
Expenses with infrastructure in Romania will grow by 5% until 2025, more rapidly than in Western Europe, but slower than at global level, the total amount allocated reaching 30 billion dollars until 2025, according to a PwC and Oxford Economics report.
“Romania’s infrastructure, especially transport infrastructure needs improvements, which justifies the substantial increase of expenses with roads of the last years. We expect transport infrastructure to continue to be a priority during economic recovery in Europe. Investments in road infrastructure, partly supported by European funds, will continue to be the main expense for investments in transport infrastructure with an increase from 4.5 billion dollars in 2013 to 9 billion dollars in 2025,” said Daniel Anghel, partner in the tax department and leader of the service team for the public sector of PwC Romania.
“To consolidate and accelerate economic growth, Romania will need massive investments in infrastructure of 10 billion euro in the next 10 years. To finance such large investments, public authorities should take into account a wide range of financing sources - from European funds to public-private partnerships. We should get inspired by the Spanish way of developing infrastructure, which used the concession solution to the maximum. We also need budgets for many years able to finance on-going long term infrastructure projects,” Anghel said.