Finance Minister Alexandru Nazare signed on Thursday a second financing contract with the European Investment Bank (EIB) worth EUR 500 million, to support the construction of the Sibiu - Pitesti Motorway, the Finance Ministry announced.
"Today, January 15, Finance Minister Alexandru Nazare signed the second financing contract with the European Investment Bank (EIB), worth EUR 500 million. The loan will support the construction of the A1 Sibiu - Pitesti Motorway, one of the most important road infrastructure projects in Romania," the release states.
According to the release, this new tranche continues the EIB's support for building Romania's first motorway crossing the Carpathian Mountains, ensuring road links between Sibiu and Pitesti over a total length of 122 kilometers and boosting regional and national connectivity.
Nazare stressed that the agreement confirms the Ministry's commitment to securing resources for strategic infrastructure projects.
"The Sibiu - Pitesti Motorway is a major objective for Romania's connectivity and regional development. The EIB's support reflects the confidence of European partners in Romania's capacity to carry out major investments under advantageous financial conditions," he said.
The financing is part of a larger package of up to EUR 1 billion approved by the EIB Board of Directors for the motorway project. The first contract, also worth EUR 500 million, was signed in October 2025.
The Sibiu - Pitesti Motorway, included in the Trans-European Transport Network (TEN-T), is structured in five sections and aims to improve mobility, reduce travel times, increase road safety and stimulate regional economic growth. The project's total value is estimated at EUR 5.5 billion, financed through EU non-reimbursable funds (Transport Program 2021 - 2027 and Large Infrastructure Operational Program 2014 - 2020), supplemented by national contributions and EIB loans.
The implementation of the project began in 2020, with completion expected in Q4 2028. The Ministry of Transport and Infrastructure coordinates the project, executed by the National Company for Road Infrastructure Administration (CNAIR).
"Through this arrangement, the Finance Ministry continues to capitalize on instruments offered by European financial institutions to support strategic transport investments under advantageous conditions, contributing to Romania's sustainable development," the release adds.
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