Skip to main content

Ring road upgrade for Bucharest

Plans are in hand in Romania for the upgrades to the Bucharest ring road. This work is due to be completed by 2014, according to the country’s Transport Ministry. Reconstruction and modernisation of the Chitila-Voluntari segment of the ring road was completed in 2010 and the modernisation of another two segments were completed in 2011. Also, the upgrading of two further segments will be finished by mid 2013. The investment in the five segments of the ring road is expected to reach €100.17 mill
May 4, 2012 Read time: 2 mins
Plans are in hand in Romania for the upgrades to the Bucharest ring road. This work is due to be completed by 2014, according to the country’s Transport Ministry. Reconstruction and modernisation of the Chitila-Voluntari segment of the ring road was completed in 2010 and the modernisation of another two segments were completed in 2011. Also, the upgrading of two further segments will be finished by mid 2013. The investment in the five segments of the ring road is expected to reach €100.17 million, excluding VAT. Construction of the 17km segment that will link national road DN1 with the DN1 A will be completed on 30th September 2013 following an investment of €56.57 million. Also, the expansion and modernization of three segments at the south of Bucharest will be completed in December 2014 following an investment of €227.44 million. Also in Romania, a consortium comprising 1324 Astaldi and Max Boegl will build a 20.5km section of the Cernavoda-Medgidia highway. The deal is worth €117.56 million, excluding VAT and the work will take 12 months to complete. The project is being financed jointly by the 1054 European Investment Bank (EIB), the 2465 European Commission and the state budget.

For more information on companies in this article

Related Content

  • Financing model confirmed for German Autobahn
    June 27, 2016
    The refinancing package for Germany’s A8 Autobahn has now been formalised. The section of the A8 runs between Ulm and Augsburg in the south of Germany and is operated by concession firm Pansuevia, a 50:50 partnership between HOCHTIEF and STRABAG. The 58 km section of the A8 between Ulm and Augsburg was opened to traffic on schedule in September 2015 after four years of construction. PANSUEVIA designed, financed, and carried out the widening of the section to six lanes and took over maintenance and operation
  • Qatar to spend up to $100 billion on road and rail networks before FIFA World Cup
    February 29, 2012
    According to Business Monitor International (BMI), Qatar is expected to spend US$80-100 billion over the next five years to prepare and deliver the infrastructure required to support the huge influx of visitors forecast to attend the 2022 FIFA World Cup.
  • Volvo CE bullish
    May 4, 2012
    Swedish-based firm Volvo Construction Equipment (Volvo CE) reports stronger-than-expected increases in demand from customers in Europe and North America. The firm says that this performance has helped boost third quarter sales. Steady sales in many markets having a positive impact on financial performance. Net sales in the three months of July-September rose by 18% to US$2.28 billion, compared with $1.94 billion in the same period last year and when adjusted for currency movements, net sales increased by 27
  • England road upgrades planned
    June 14, 2021
    A road upgrade programme is planned for the East of England.