Ministry of Transport 2014 budget will increase by 6.4%

14/11/2013

Romanian Government discusses today the budget for 2014 that is expected to focus more on investments and stimulation of economic growth. Half the ministries will get less money than in 2013, while additional sums will be granted for transport infrastructure, education or agriculture.
Thus, the total budget for next year will amount to RON 13.9 Billion (EUR 3.1 Billion) for road, railway, air and port, maritime and metro infrastructure, shows an analysis of Ziarul Financiar, based on the state budget for 2013-2017. The budget of the Ministry of Transport will increase next year compared to the updated program for 2013 by 6.4% to RON 6.5 Billion (EUR 1.4 Billion), while the sum allocated for road transport will be increased by 21.9% up to RON 7.4 Billion (EUR 1.6 Billion), according to the proposals for the state budget for 2014.
Railway transport, where the Ministry of Transport is currently developing investments of hundreds of millions of euros in the rehabilitation of pan-European Corridor IV, will receive RON 5.5 Billion (EUR 1.2 Billion), 61% more compared to 2013, but the underground is to receive only RON 440 Million (EUR 98 Million), -62%.
Bucharest Metro is currently developing a major investment in the construction of the line that cross Drumul Taberei district. But the state will cut most funds from waterborne transport: in 2014, this sector will receive RON 124 Million (EUR 28 Million), over 80% less than this year.
In the railway transport segment, the state set as priority the rehabilitation of Corridor IV sections, the development of metro line 5, Drumul Taberei section and the construction of a new metro line to Henri Coandă Otopeni Airport.
Source: www.zf.ro