Government budgets for building spend in 2007


  • Share via facebook
  • Tweet this
  • Bookmark and Share

The Romanian government has set aside US $3.1 billion (EUR2.5 billion) to spend on construction projects in 2007.

The money will go towards developing and improving infrastructure, education and healthcare facilities.

Around $500 million of the budget will be put towards highways alone.

The funding is fuelling the already strong demand on the construction market, boosting its growth at a forecast pace of about 15% next year.

Highway construction is expected to become the driving force behind the growth of the construction market in Romania over the next few years.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Facelift or folly: Belgrade braces for Dubai-style makeover

Facelift or folly: Belgrade braces for Dubai-style makeover

Construction for the Belgrade Waterfront project is due to kick...

How potential loopholes could limit impact of Saudi land tax

How potential loopholes could limit impact of Saudi land tax

Move aims to help the government meet promises to build 500,000...

Top 40 most powerful architects in the Middle East

Top 40 most powerful architects in the Middle East

Our annual shakedown of the region's 40 most influential and...

Most Popular
Most Discussed