Romania saw new construction volumes expand by 64% in 2023 compared to the previous year, reaching also a record in gross value and growth rate from the past decade, according to the EBI Construction Activity Report.
The market expanded despite a fall of building construction, as civil engineering recorded an impetus.
“With the spending deadline for funding from the EU 2013-2020 programs at the end of 2023, a surge in activity in civil engineering was to be expected, and this also explains why Q4 was milder than previous quarters in terms of the Activity-Start. The projects that had a reasonable chance to reach an advanced stage or to be phased into the new programs were prioritized and started in previous quarters,” wrote Dr. Sebastian Sipos-Gug of Ebuild srl.
Of all the projects that started construction in 2023, the one that stands out is the 37.4km section (Cornetu - Tigveni) of the A1 motorway.
Several renewable energy projects were also started in Q4 2023: a 102MW wind energy park in Brăila County and a 60MW solar plant in Alba County.
The third spot on the list of the largest projects that began in the last quarter of 2023 is taken by the 12,000-seat Sports Arena în Târgoviște.
When it comes to building construction, all top projects started in Q4 2023 were residential parks, three of which were in Bucharest.
