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The Galati-Braila metropolis will have an airport.
- Wednesday, 01 May 2024 13:46
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The Galati authorities announced on Friday, April 26, 2024, that the Galati-Brăila International Airport project received approval from ROMATSA. It will be included in the General Transport Master Plan and still needs some studies to organize the tender for the designation of the builder.
The airport in Galați county will be located between the towns of Braniştea, Slobozia Conachi and Tudor Vladimirescu and have an area of 250 hectares, to which will be added an area reserved for public investments of approximately 115 hectares.
According to the project, the Galati-Brăila International Airport is equipped with a passenger terminal, with an area of 28,500 square meters, and a cargo terminal, with an area of approximately 5,500 square meters.
For maximum efficiency, the control tower will be integrated into the passenger terminal, which will have 9 boarding gates. The runway will be 3,500 meters long, just like the airports in Otopeni, Timișoara and Constanța.
Start of work on the Danube bridge of Braila
- Thursday, 18 April 2019 03:00
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Italian company Astaldi has started the construction works on the suspended bridge over the Danube in the Romanian metropolitan zone Galati - Braila, which is the most complex road infrastructure project in Romania since the fall of the communism in 1989.
The suspended bridge from Braila will be among the five longest bridges in Europe, with a central opening of 1.12 kilometers.
After the preliminary lands working, archaeological discharge and demining, Astaldi began the actual construction works of the future bridge in Braila.
With a value of RON 1.99 billion (EUR 425 million), plus VAT, the contract stretches over 12 months of design, 36 months of execution and a warranty period of 120 months. The order for the design phase of the Braila Bridge was issued in the first quarter of 2018.
According to the contract, the design should take 12 months, after which the 36-month construction will begin. In addition to the suspended bridge, the contract includes building two viaducts of 110 m in length, a road with a length of 19,095 km, and a connecting road with DN22 (Smardan - Macin), with a length of 4,328 km.
The Economic Forecasts for 2017
- Sunday, 15 January 2017 02:00
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According to a Moody's report, private consumption remains Romania's main engine for growth, though to a lesser extent than in 2016, considering expectations of higher oil prices and inflation. Continuing an expanding tax policy in 2017, including scrapping a tax on special purpose buildings and an additional fuel excise, as well as a cut in the VAT, will result in a deterioration of Romania's fiscal position. The agency expects the fiscal deficit to exceed 3% of the GDP in 2017, since measures increasing it would counter solid economic growth. Moody's expects Romania's credit rating to be negatively impacted by the deterioration of its fiscal policy, along with its effect on its fiscal position.
Start of the Galati Intermodal Terminal
- Thursday, 15 March 2018 02:00
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The Administration Ports of the Maritime Danube (APDM) of Galati signed the contract for the "Elaboration of the technical project for the execution of investment works", part of the first phase of the intermodal terminal project which highlights the strategic position and technical facilities of the three ports of Galati with the creation of an intermodal fluvial maritime-railway terminal that will become a hub for the transport of goods between Asia and Western Europe, through the channel of Rhin-Main-Danube.
The value of the first phase, which will end on March 31, 2020 is 25.619.781 euros, of which, non-refundable funding from the European Commission through the mechanism to connect Europe of 21.776.814 euros, co-financing by the State of 3.450.053 euros and contributions from the private investors Metaltrade International Ltd. and New Port Basin of 392,914 euros.
At the end of the investment in the Galati intermodal terminal, the multimodal platform it could be transited by 300,000 containers, equivalent to 5-6 million tons of goods per year, and would create over 50,000 new jobs in 10 years.
This project will take place in two phases, due to budget constraints of the European Commission. From the EUR 80 million, estimated value of this project, the Commission was able to allocate only 25 million, which represents a part of the port infrastructure, pier and part of the eligible costs, including design.
The Real Estate Market in Romania
- Friday, 29 January 2016 02:00
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At national level, prices for homes are on average 10% higher than last year, according to a dedicated portal on the web. In late November, the average asking price for apartments was 980 Euro per sqm, which is 52.4% lower than the market peak, in March 2008, when sellers generally asked for 2,058 Euro per sqm. The lowest pricing level was reached in December 2014, when median figures on the above mentioned portal were around 891 Euro per sqm, 10% lower than at present. The market for older apartments and newly built evolved differently. In Bucharest, for instance, a brand new apartment cost 1,155 Euro per sqm in late October, 55% lower than the March 2008 peak. By comparison, an older apartment is now, on an average, 1,043 Euro per sqm, almost 53% less than on the peak market.
