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Romania seeks private money to build nuclear plant

by Staff Writers
Bucharest (AFP) April 27, 2011
Romania wants to attract private investors to modernise its road infrastructure and to build two new reactors at the Cernavoda nuclear plant, Prime Minister Emil Boc said Wednesday.

"The government wants to resort to public-private partnerships in order to launch infrastructure works not benefitting from public money or European funds," Boc told a press conference.

He said the list included the construction of four highways totalling 550 kilometres (300 miles), a canal linking Bucharest to the Danube and a bridge over that river.

The government also seeks private investors to finance the extension of the Cernavoda nuclear site, estimated to cost four billion euros.

The project has been suspended after four investors -- CEZ (Czech Republic), GDF Suez (France), RWE (Germany) and Iberdrola (Spain) -- decided to pull out due to the lack of predictability.

The Romanian segment of the AGRI pipeline, aimed at supplying Azerbaijani gas to Europe and reducing dependence on Russian energy, has also been included on this list, Boc said.



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