EC to co-finance EUR1.39bn subway line construction to Bucharest airport

The EC will finance the subway line construction project that links the center of Bucharest with the international airport Henri Coanda-Otopeni, the transport ministry announced. The project needs more than EUR1.39bn investment and the Romanian authority plans to ensure co-financing from the state budget and a loan from the Japan International Cooperation Agency (JICA). The Commission has not agreed yet on a final disbursement, as the Romanian transport ministry is trying to obtain the maximum amount through the operational program for big infrastructure. We remind that the former transport minister also negotiated a EUR300m loan from the EBRD for co-financing the project. Yet, no mention regarding that deal was made.

The new subway line should link the Bucharest underground railway network, from the Bucharest North railway station, through the center, with the country’s most important airport. The new subway line is estimated to be ready in 4 years, it should have length of 14.2 km and 12 stations. Building the link with the airport is the most important project of Metrorex, the company administrating the underground train network of the capital city. Even though it is in the most advanced phase among all Metrorex projects, it has suffered huge delays. Thus, the project lingers for more than 4 years, due to its size, red tape, inefficiency in obtaining EU financing and numerous scandals regrading land expropriation.

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