RSSIn Romania the northern section of the bypass around the city of Constanta is open to traffic. The bypass forms part of the Pan-European Road Corridor IV and work on this section was financed by the 1166 European Bank for Reconstruction and Development (EBRD). The southern stretch of the 23km bypass was completed in 2011. Now it is complete, the bypass will carry heavy port traffic away from Constanta. It will also provide a free-flowing route for tourist traffic from Romanian capital Bucharest and the north of the country to the seaside resorts south of Constanta. The work in this area also includes the rehabilitation of 10 major bridges in the Constanta region, and the reconstruction of part of the national road network, which was damaged by the severe floods in 2005. The EBRD is financing this important infrastructure project with a €145 million 16-year loan provided in 2005, the Bank’s largest investment in Romania at that time. Part of the loan, equivalent to €56 million, was extended in Romanian Lei currency to mitigate the risk foreign currency devaluation.
The project is part of a larger infrastructure modernisation programme, including the modernisation of the Cernavoda-Constanta section of the Bucharest-Constanta Motorway, co-financed by the1054 European Investment Bank, the Romanian government and EU cohesion funds.
“We are delighted to see the northern Constanta bypass open to traffic today. This new modern road built with the support of the EBRD will help relieve congestion in the Constanta area, thus reducing travel times, and will reduce pollution considerably,” said Claudia Pendred, EBRD Director for Romania.
"The opening of the northern Constanta bypass, which is the final section of the Bucharest-Constanta highway, will provide a direct link at its southernmost end to the port of Constanta. Improving access to the port, which is the largest port in Romania, will also have important implications for regional development in this key economic area of the country and eastern Europe," added Sue Barrett, EBRD Director for Transport.
Supporting the modernisation of infrastructure in Romania remains a key priority for the EBRD. The Bank is currently working to support projects that facilitate the absorption of EU structural and cohesion funds.
The EBRD is the largest investor in Romania and has invested over €5.8 billion in various sectors of the economy, including €1.2 billion in infrastructure projects.
The project is part of a larger infrastructure modernisation programme, including the modernisation of the Cernavoda-Constanta section of the Bucharest-Constanta Motorway, co-financed by the
“We are delighted to see the northern Constanta bypass open to traffic today. This new modern road built with the support of the EBRD will help relieve congestion in the Constanta area, thus reducing travel times, and will reduce pollution considerably,” said Claudia Pendred, EBRD Director for Romania.
"The opening of the northern Constanta bypass, which is the final section of the Bucharest-Constanta highway, will provide a direct link at its southernmost end to the port of Constanta. Improving access to the port, which is the largest port in Romania, will also have important implications for regional development in this key economic area of the country and eastern Europe," added Sue Barrett, EBRD Director for Transport.
Supporting the modernisation of infrastructure in Romania remains a key priority for the EBRD. The Bank is currently working to support projects that facilitate the absorption of EU structural and cohesion funds.
The EBRD is the largest investor in Romania and has invested over €5.8 billion in various sectors of the economy, including €1.2 billion in infrastructure projects.
