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Government decided with IMF to expand list of EU projects to 100 investments at a lower value

The government decided on Wednesday night with the International Monetary Fund to expand the list of EU priority projects from 60 to 100 public investments, taking over only works that need small financing of total value will be less than 1 billion euro, of which 586 million EU financing.

Almost all these projects signed between 2009 and 2011 have now an execution degree of 0% as are the other 60 initial investments. The government promised to bring them to the level of 50% by the end of 2012. The projects must be completed over 2012-2015.

Compared to the 60 EU projects taken into account, the new investments are among the lowest as value.

100 projects discussed on Wednesday night by government and IMF representatives were published on the sight of the European Affairs Ministry.Romania's representative with IMF, Mihai Tanasescu, declared recently that the government will establish a list of 60 important investment projects in next year's budget which will be monitored weekly.Lately both president Traian Basescu and premier Emil Boc said that next year's budget has a priority in financing investment projects and their better management which could help Romania to get out of crisis.

Sursa: http://www.agerpres.ro

Tags: projects government value investments euro

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