KPMG: Romania faces insurmountable delays in infrastructure

A mere 14 percentage of the surveyed believe that infrastructure is "completely adequate" in this regard. "Not only the investments in infrastructure draw commercial companies, they create job opportunities and gear revenues from taxes, but it is ascertained that an infrastructure project constitutes an economic incentive if it is properly managed. Unfortunately, Romania faces insurmountable delays in the fields", said Daniela Nemoianu Istocescu , Coordinator of Risk Advisory Services of KPMG in Romania.

With drained budgets at central and local level, 80% of executives want governments to partner with the private sector to finance major infrastructure projects. "From our previous experience in West and Central Europe, we consider that mayoralties should focus more on Private Public Partnership formulas", Nemoianu added.

Analysts estimate the amounts spent for infrastructure development globally until 2015 will reach two thousand billion dollars annually. However, the respondents from each region expressed their concern towards the inadequacies of investments in infrastructure. Business executives in Eastern Europe and Asia Pacific cited great interest towards this subject, with 89% and 84% expressing their concern. The study revealed rising worries in mature markets, with 74 and 64% respectively of the business executives in United States and Western Europe.

KPMG survey (conducted by Economist Intelligence Unit) found that business executives think that infrastructure will gain more weight in the next five years, and the availability and quality of infrastructure will directly influence leaders' decision to find new ways to develop competitive solutions.