New infrastructure projects worth more than € 1.5 billion are expected to be delivered in the regional cities of Romania this year, while in Bucharest construction works for the new bypass will continue as part of a € 1 billion investment. At the same time, the first new airport in the last decades will start operating in Brasov from 2022, following an investment of approximately 70 million euros, while airports in other cities are included in major modernization programs, highlights a BUCHAREST REAL ESTATE CLUB (BREC) analysis, in partnership with Concelex.
The main direct beneficiary of these investments are the industrial and logistics real estate segments. In Romania, there are already operating over 5.4 million sqm of modern logistics spaces, mainly in Bucharest and in the regional cities in the South, Center and Western parts of Romania and this year over 700,000 sqm of new deliveries are expected. The Eastern part of the country is beginning to recover in this segment, given the highways and express roads that will be delivered in the coming years in the region.
Bucharest: The new A0 bypass, one of the most expecter new investments
A0, the new bypass of Bucharest, is currently under development. The road will be connected to the main A1 and A3 highways and the National Road DN 1. The construction will be completed gradually, with the first deadlines set for 2023. The development will continue until 2026. The total investment amounts to almost EUR 1 billion.
Cluj-Napoca: Two new highway sections
Near Cluj-Napoca, a 30 km section of the Brasov-Oradea highway is under construction and it will be delivered in 2023. The project value is estimated at over EUR 282 million. In Alba County, South of Cluj-Napoca, another section of the Sebes-Turda highway, with a 24.2 km length, was inaugurated at the end of last year, following a EUR 111 million investment.
Timisoara: A new 26 km detour
The bypass road in the Southern part of Timisoara is under construction and will be opened in 2022, according to estimates by the National Company for Road Infrastructure Management (CNAIR). The almost 26 km section is being developed following an investment of approximately EUR 55 million.
Moldova area, a new development stage. A7 – Moldovan Highway, the largest project in the Eastern part of the country
A strategic investment in the infrastructure of Iasi County will be the new Targu Neamt-Iasi-Ungheni highway, which is in the design phase. The first sections are scheduled for inauguration starting with 2025, according to CNAIR. Additional express roads are being planned in the region and construction should begin in the coming years. The A7 project will be the largest transport infrastructure project developed in the area of Moldova to date. The highway will connect Buzau with Siret and will cross the cities of Focsani, Bacau, Pascani and Suceava.
A separate highway segment will connect Ploiesti and Buzau. Ploiesti – Buzau is the first section of the A7 Ploiesti – Pascani announced for the start of construction after the 16 km section of the Bacau Beltway was recently inaugurated.
Also, in Botosani, a new ring road is being authorized for investment. The project will be developed following an investment of approximately EUR 34.6 million; the bypass will be 10 km long and will be the largest infrastructure project developed in Botosani in over 3 decades. In Bacau, in mid-November 2021, the 30.8 km long detour was officially delivered. The project includes 7 bridges, 9 passages and a road junction and was developed following an investment of approximately EUR 135 million, financed from European sources.
Constanta: Strategic stake on the sea–side
The infrastructure of the seaside city has a strategic stake, with a large portfolio of investment projects undergoing both in the city of Constanta and in the port area, in the following years. Among the major projects that could attract new investments are the construction of the new sports complex Farul Constanta (a stadium with 18,000 seats and an investment value of EUR 85 million), projects to improve urban mobility both inside the city (Smart City projects) as well as between the city and the seaside resorts, as well as an extensive urban regeneration project of the Downtown area.
New regions under development:
- Braila – Tulcea Bridge, the 3rd longest suspended bridge in Europe and the longest in Romania.
Over 55% of the total works at the Braila Bridge have been completed. The bridge will be 1.97 km long and will be the third longest suspension bridge in Europe. The entire project will be completed, according to estimates, at the end of this year.
- Craiova: Accelerated development in the South. The Craiova-Pitesti express road is another key project, which will contribute to the development of the Southern part of Romania. The first sections covering 57.5 km are planned for delivery in 2022, based on an investment of approximately EUR 363 million. Another section with a total length of 63.5 km will be completed in 2024, following an investment of EUR 262.6 million.
- Reduced Bucharest – Giurgiu distance. The 3.2 km long Mihailesti bypass was opened to traffic at the end of 2021. After the completion of the Bucharest ring road, the city of Giurgiu and the Southern border of the country will be at a significantly reduced distance.
- Bistrita, a new possible connection between Baia Mare and Suceava. Discussions are underway for the inclusion of the Bistrita bypass road in the structure of the new highway that will connect Baia Mare with Suceava. This project could generate new investment opportunities for the city and the surrounding areas.
- Satu Mare, a new detour. In 2021, the Satu Mare bypass was opened to traffic. The project has a total length of 19.5 km, and approximately 12 km are designed to allow high speed traffic.
New investments in airport infrastructure in Brasov, Bucharest – Baneasa, Iasi and Timisoara
The first new airport built in the last decades will become operational in Ghimbav, 12 km from Brasov, following an investment of approximately EUR 70 million. Authorities plan to raise around € 300 million in EU funding to build a rail link between the airport and Brasov, which could boost freight operations in the region. In this year`s Spring, the modernized Bucharest Baneasa Airport should reach its maximum capacity. The airport has recently benefited from major renovations worth approximately EUR 13.4 million.
The authorities also announced plans to modernize Iasi Airport. The total investment budget of approximately EUR 90 million will be used to add new passenger terminals and to develop a new car park. Construction is expected to be completed by 2023, according to available information. In Timisoara, a new terminal for international departures will be developed by the end of 2023 following an investment of 200 million lei (40.4 million euros). The new airport terminal will cover 4,383 sqm and will support an increase in annual passenger capacity to 3 million.