This program accounts for nearly half the 23 billion euros earmarked for Romania under the EU cohesion policy. When taking into account the co-funding from the national budget too, the program is worth more than 11.8 billion euros aimed at the growth of the economy and the creation of jobs, the Office explained.
Speaking of this decision, European Commissioner for Regional Policy Corina Cretu said it represented the largest operational program of Romania and Europe’s second-largest.