Infrastructure plans may boost Romanian property investment
Romania's main political parties have all made transport infrastructure their main priorities in the lead-up to this Sunday's (November 30th) general election, it has been reported.
According to Reuters, most runners in the election have pledged to build close to 1,000 kilometres of motorways in order to attract further foreign direct investment.
Improved road and rail links will build on Romania's natural selling points of low labour costs and key economic location, and may also have the benefit of boosting overseas property investment.
The plans put forward by Liberal Party candidate and current prime minister Calin Tariceanu, which include a guarantee to ensure four-lane roads service the EU transport routes running over Romania's borders by 2013, will cost around four to six per cent of gross domestic product every year until the project is completed.
This may also have the benefit of stimulating the economy at a time of global financial turmoil.
Mr Tariceanu has been prime minister of Romania since December 29th 2004.
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