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Constanta Port To Benefit From EU Cohesion Funding

Constanta port to benefit from EU Cohesion funding

Source: Constantza Port
Constanta, Romania (PortSEurope) February 20, 2018 – €1.3 billion ($1.61 billion) from the EU Cohesion Fund is to be invested in the modernisation of the rail corridor from the town of Curtici, on the border between Romania and Hungary, and Constanța, the Black Sea port. Works will focus on significantly increasing speed and safety on the section between Curtici and the town of Simeria, upgrading 13
train stations on the line, improving signalling and passenger information systems and building adjacent infrastructure such as bridges and tunnels. Commissioner for Regional policy Corina Crețu said, “Each euro from the EU budget invested in this railway enhances territorial cohesion and economic competitiveness in Romania, further connects the country with Hungary and the rest of Europe and ensures clean, fast and safe mobility. That’s a project with 65% EU co-financing and 100% EU value added.” The railway connection, part of the Orient-East Med and Rhine-Danube corridors of the Trans-European Transport Network (TEN-T), crosses Romania from West to East. Several sections on the railway have been or are currently being financed with other EU funds, such as the Connecting Europe Facility (CEF) and European Investment Bank (EIB) funding. Source: European Commission Copyright (C) PortSEurope. All Rights Reserved. 2018.

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