But even with this remarkable dynamic, Romania will need more than a century to reach Western standards in this area, the study shows.
With an annual growth rate of 30% of expenditure for infrastructure by 2012, Romania is the most dynamic market in the region, followed by Russia and Slovakia, whose investment will increase by 25% and 20% per year. However, in Romania, high growth rate is explained by the severe funding in the last years. Thus, in recent years, there was a large gap between what politicians had promised and what was accomplished.
”With an average road density of only 0.34 km / square km, four times lower than other Eastern European and 14 times less than the level recorded in developed countries, Romania is very attractive for investors in this sector,“ explains Iulian Circiumaru, an A.T. Kearney consultant and author of the study.
Attractiveness of the local market has increased significantly after the Government announcement that it will allocate 10 billion Euros for public investment in infrastructure, plus 4,3 billion Euros allotted to Romania by the EU.
