NFRD revaluation in the first months of 2014

63% of funds for completion of the regional development projects this year were capitalized in the first eight months of this year. Yesterday, 2 September 2014, it was discussed regarding the capitalization of the National Fund for Regional Development (NFRD), stages of project development, including efficient implementation issues, during the meeting of the National Coordination Council for Regional Development.

Thus, during the months of January to August this year, out of the NFRD were allocated about MDL 117 million, MDL 17 million more than in the same period last year.

The money was intended for the implementation of projects related to road infrastructure, water supply and sanitation, improving environmental factors, tourist attractiveness, etc.

‘During the year of 2014, there are continued to be implemented 13 projects initiated last year and other 21 new projects that were allocated funds in the amount of about MDL 91 million. Compared to last year, at this time we register an increase of the amount recovered, though we consider it low for this time of the year, due to the fact that procurement procedures were delayed for all projects launched this year, while in certain projects appeared difficulties in implementation’ said Valerian Bînzaru, head of the General Directorate for Regional Development.

According to the Single Programming Document for 2013-2015 approved by the Government, there are established 62 priority projects in regional development. Currently, out of the total 11 projects were completed, and another 30 projects are ongoing. Funding for these projects is to be carried out mainly from NFRD, and with the support of development partners, in particular the German Development Cooperation through GIZ.

The National Regional Development Fund is created from annual allocations from the state budget as a separate line for regional development policy, which is 1% of the revenues of the state budget approved that year. According to the Law on State Budget for the current year in NFRD were allocated funds amounting to about MDL 195 million.