Thursday 16 August 2007

Romania to receive 270 million euros for environmental projects in 2007


Romanian Environment Minister Attila Korodi announced he will contract 270 million euros through the Sectoral Operational Program (SOP) to use by 2010 on waste management and water quality projects.


Some 15 such projects will be financed of which ten are part of a priority program to build 90 water filtering units that will soak up 60 percent of the total 29.3 billion euros in SOP funds.

Ten of the water management projects will be sent to the European Commission for approval by the end of July and another 15 projects regarding waste management will be sent by September, as under EU regulations any program exceeding 25 million euros requires approval.

Next year the ministry plans to send another 25 projects for approval. Some 15 projects within the priority axis are worth 1.5 bilion euros while the other ten total 500 million euros. Other 12 projects regarding water management are being prepared with help from the World Bank.

Under the SOP for Environment Infrastructure, 4.5 billion euros are available for Romania during 2007-2013 plus state and local budget co-financing of 1 billion euros. European finance come from the European Fund for Regional Development and the Cohesion Fund.

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