Source: eVršac | Tuesday, 11.10.2016.| 14:18
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Funds for feasibility study and planning of Pancevo-Timisoara highway approved – Job worth EUR 9.3 million

The strategic project of the preparation of the feasibility study and the planning of the Pancevo-Alibunar-Vrsac-Timisoara highway was approved at the second meeting of the Joint Supervision Board of the Interreg-IPA cross-border cooperation program of Romania and Serbia, as announced by the Romanian portal and reported by BRCT Timisoara.

The project is worth EUR 9.3 million and will for the most part be financed by the IPA cross-border cooperation program, with the mandatory participation of the two states. The implementation period is 42 months.

The Roads of Serbia and the Ministry of Construction, Transport and Infrastructure and representatives of the competent ministry and institutions in Romania should soon sign an agreement on carrying out this strategic project.

The Pancevo-Alibunar-Vrsac-Timisoara highway, with 130 km of length, should be a part of Corridor 11, which is a great chance for the development of the South Banat district and drawing foreign investments.

As the eVrsac portal writes, the construction of a highway through South Banat is important especially considering the fact that the Vatin border crossing at Vrsac is the busiest checkpoint on the border with Romania and the fact that numerous Italian companies which operate in the Timisoara area need to connect to the Port of Bar in Montenegro.
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