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Thursday, December 09, 2004
Business in Romania blog
The transportation ministry has concluded negotiations with construction company Ashtrom Group of Israel for the third stretch of the Bucharest - Brasov highway, between Predeal and Brasov.

The other two parts of the road will be build by France's Vinci and Austria's Strabag, under agreements negotiated earlier this year.

The contracts, based on public-private partnerships (PPP) will be signed after the government's approval, while works, due to last four years, will begin in 2005.

Overall costs amount to EUR 1.2 billion, while the total value of the three contracts' execution will rise to EUR 1.7 billion, according to local media.

Thus, the average price per kilometer is of EUR 9.7 million, much higher than in the case of Brasov-Bors route - EUR 5.7 million, due to the difficult land structure.

The highway crossing Transylvania will be build Bechtel of the US, also under a contract closed after a selection of offers.
Contractors will recoup their investments by operating and managing the stretches of highway over the long term, after completion.

The execution costs for this stretch, due to be built by France's Vinci, will amount to EUR 379.3 million, with four tunnels along the 22 kilometers.

Posted by Iulia Rasoiu : 12/09/2004 05:05:00 pm Vinci, Strabag, Ashtrom selected for Bucharest-Brasov highway
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