Romania managed to absorb 1% of EU funds available for theTransport Ministry by the end of last year, i.e. EUR 47 million,while in Bulgaria the absorption rate had reached 7%, i.e. EUR114million. Romania, however, has EUR5.6 billion available from 2007until 2013, while Bulgaria has EUR1.8 billion available.
The nearly EUR150 million overall amount paid by Brussels so farto Romania and Bulgaria for European infrastructure projects onlycovers contracts to design and conduct additional surveys for thebig infrastructure works of the two countries, says Dragoş Pâslaru,general manager of GEA Strategy&Consulting.
'We are not doing well, but on the other hand if we implementthe projects put up for tender by the Transportation Ministry thisyear we will be able to increase the rate of absorption to 40-50%,"Dragoş Pâslaru explains.
A month ago the Transport Ministry awarded contracts for theconstruction of 183 kilometers of highway, which are set to bebuilt with around 1 billion euros' worth of European funds.
Bulgaria fares better than Romania both in terms of theabsorption rate and in terms of payments, which are 2.5 timeshigher than those made to Romania.
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