Original news was published on 26 May, 2016

New European Union funding is expected to increase construction market growth in Central Europe in 2017, according to research by consultancy PMR.

The revival in construction sector growth is likely to drive demand for project cargo operators and breakbulk carriers as transport projects progress. EU funding for transport infrastructure construction is expected to be highest in Romania and Bulgaria, which will receive €5.1 billion and €5.6 billion respectively.

In Romania about €3.2 billion is to be spent on the implementation of road infrastructure construction projects, with a number of major motorway construction projects. Bulgaria meanwhile will see 597 kilometers of motorways and 914 kilometers of expressways built by 2020 as part of the European Corridor 4, 7, 8 and 9 projects.

“Fresh funding from the European Union during a new funding period expected to be the key driver behind the Central European construction growth from 2017 onwards,” a spokesperson for PMR said.

Poland, the Czech Republic, Slovakia and Hungary are all expected to see construction demand grow thanks to EU support for regional transport corridors. These are expected not only to drive breakbulk demand in the short term but improve multimodal transport options from 2020 onwards.

*NEWS SOURCE