Investment programme, on schedule, says state secretary Andreica

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State secretary with the Regional Development and Housing Ministry (MDRL) Ioan Andreica said on Friday in Bistrita that more than 90 percent of the investment programme is on schedule, despite works on documentation for new works having started in May only.

‘At a Government level, the absorption of European funds and the degree of completion of investment works up to the financing stage, irrespective of sources, are weekly analysed.

At this time, more than 90 percent of the programmes are on schedule.
The Government is taking great efforts to finance all the investment projects, despite this being a very hard time with reduced Government funds,’ said Andreica.

Andreica also said that additional public funds are needed for some projects, but he does not know whether or not such funds may be paid out this year.

He assured that the latest tenders for new investment works will be completed in September and money for delayed projects will be redistributed in accordance with emergency criteria.

Andreica said he is optimistic about the economic crisis, arguing that there are chances for Romania to report economic recovery in the next two-three months, following in the steps of France and Germany.

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