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Study: Road projects financed by EU will be main growth engine in constructions
The civil construction sector will be the main growth engine of the building industry in Romania in the next 2 years, because of infrastructure works financed by EU, according to a study presented by PMR Polish research group. According to estimates, the business figure in the civil construction sector grew last year by 16% to 35 billion lei (8.3 billion euro) especially due to road infrastructure projects, a segment which could maintain its rising trend until 2015.
The road infrastructure sector did not have significant drops in 2009 and 2010, despite the serious economic decline remarked in Romania and grew significantly in 2011 to 18.7 billion lei (4.4 billion euro), a business figure about nine times higher than the 2002 level, with over 20% higher than in 2010, according to PMR. Romania has EU funds of 4.6 billion euro in the field of Transports, for the 2007-2013 period. By March 2012 the effective absorption rate for EU funds for transports was 6%.
PMR reminds that Romania did not complete the construction of highway sections, but there were 434 km under construction at the end of the year, representing overall in vestments of 4.1 billion euro.About 200 km should be completed this year, most of them highway segments where works started 2-3 years ago. The state should select contractors for 111 km of highway for which financing of 1.1 billion euro is ensured.