Annual infrastructure spending is expected to reach $30bn in Romanian by 2025, according to report published by PwC and Oxford Economics. The figure represents roughly a 5-percent increase per year.
“Romania’s infrastructure, especially transport infrastructure, is still in much need of improvement, which explains the substantial increase in roads spending in recent years,” said Daniel Anghel of PwC Romania. “We expect road spending to continue as a priority during the European economic recovery. Aided in part by EU funding, investment in roads is forecasted to continue to take the lion’s share of transportation investment, rising from $4.5bn in 2013 to just shy of $9bn by 2025.”
