Authorities mull building an airport and open Danube canal to hold up development in South BucharestPublish date: 16-02-2008
Romania's Transportation Ministry plans to open the Danube-Bucharest canal for navigation and to build an airport in the south side of the capital to encourage real estate developers to invest in the area, Minister Ludovic Orban said.
A feasibility study is currently ongoing for the airport project and is slated to be completed by mid 2008, according to Orban.
The Danube-Bucharest canal is used at present for irrigation. Making it suitable for navigation is extremely important to boost the Danube's navigable potential, the minister deems.
Helped by the two projects, authorities aim to draw investors' attention towards Bucharest's south side to counterbalance the north side which is already overfilled with constructions.
Moreover, land prices in the south side are eight to ten times cheaper than in the north side of Bucharest.
- Insurance market stagnated in 2013 while GDP chare dropped to 1.3%
- The Romanian Leasing Market as of December 31, 2013
- Millennium Bank reports best results since its launch, helped by stronger banking income and cost cuts
- BCR cheapens First Home loans and lowers interest loans for loans in lei
- Millennium Bank's new Salary account clients receive up to 600 lei bonus and their utility bills' payment
- GarantiBank and Seamless introduce SEQR in Romania: the newest mobile payment solution
- Bancpost telecom services, now provided exclusively by Romtelecom and COSMOTE Romania
- Millennium Bank cards offer discounts in Domo stores
- BCR Supervisory Board reshuffles Management Board
- NBR decide to lower the monetary policy rate to 4.25 percent per annum
- Common appointments in Romtelecom and COSMOTE Romania
- Up to 5.5% annual interest rate for Millennium Bank's promotional three-month lei deposit
- Eurozone in recovery mode but gap between North and South still widening
- UniCredit Tiriac Bank and RBS Romania announce the successful completion of the retail clients' migration
- Millennium Bank grants First House loans in lei