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Tuesday, October 19, 2004

Vinci sign on Monday EUR 480 Million contract to build romanian highway... A new "Bechtel"?

On Monday when the French Prime Minister Jean-Pierre Raffarin visit Romania, the French construction group Vinci SA Monday it has signed a contract, to finance, design, build and operate a new highway in Romania, without any tender.

The 36 km highway between Comarnic and Predeal, located in a mountainous area popular with tourists, is expected to cost EUR 480 million to build.
The contract to build and manage the road will run for 30 years, divided into five years of initial studies and construction, and 25 years of operation.

Other financial details are expected to be released later, Vinci said.

Posted by Iulia Rasoiu : 10/19/2004 03:47:00 pm