“Even if the Romanian market will increase by 30 percent annually by 2012, and the Polish market will grow by only 11 percent, the amounts invested last year by Poland in road infrastructure are 4.5 times higher than those allocated in Romania in this sector,” said the A.T. Kearney Consultant, Iulian Circiumaru.
The density of roads in Romania is four times less compared to other countries in Central and Eastern Europe and 14 times below that in developed countries.
The attractiveness of the local market rose significantly due to the fact that the government allocated €10 billion for public investments in infrastructure in 2009, and because the European Union has set aside €3.4 bln for Romania, which can be accessed for development projects. “The difference was not due to a lack of funds or demand by the population for better infrastructure. The truth is that Romania has not done its homework to attract EU funds and private investors,” Circiumaru added.
“Romania will only be attractive for foreign investors if it invests massively in infrastructure,” said the A.T. Kearney Consultant’s Chairman, Michael Weiss.
