Romania Sets Cost Standard/Km Of EUR5.05M To EUR6.1M For Highway Construction - Draft

The construction of highways will have a cost standard per kilometer of EUR5.05 million to EUR6.1 million, VAT not included, and capital repair works on a railroad will cost EUR1.19 million/km, VAT not included, according to a draft Government Decision drawn up by the Romanian Transport Ministry.

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The draft includes 12 cost standards for investment objectives financed from state budget funds in the field of transport infrastructure.

Cost standards will be updated periodically or every time it is necessary, through Government Decision, at the suggestion of the Transport Ministry, in accordance with the evolution of technical progress and the prices of resources specific in the field of transport infrastructure, and/or based on the requests submitted by other competent bodies.

Cost standards target to eliminate the poor or extra financing caused by errors in setting the costs of investment works for objectives in the field of transport infrastructure.

The approval of the draft act will also allow an increase in investment objectives in the sector of transports countrywide, an increase in the absorption rate of European Union funds and the adjustment of public spending, through investments, both to the needs of end beneficiaries and to existing financial resources.

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