Romanian road deal

In Romania the road authorities have signed a deal for the construction of a 22km stretch of highway in a contract worth €91 million.
February 29, 2012 Read time: 1 min
In Romania the road authorities have signed a deal for the construction of a 22km stretch of highway in a contract worth 91 million. The Portuguese contractor MonteAdriano wil construct the highway section, which will link Nadlac with Pecica. This deal is the latest in a series of contracts now starting in Romania. The country has pledged to improve and expand its highway network with the construction of new links. Much of the funding for Romania's highway plans has been provided by the 1166 European Bank for Reconstruction and Development and the 1054 European Investment Bank.

For more information on companies in this article

Related Content

  • Italian highway investments
    March 5, 2012
    The Italian island of Sicily is to benefit from major investment in its road network, in a move designed to help boost its economy.
    Read More
  • Romania’s major road development plans
    October 12, 2022
    Romania has major road development plans.
    Read More
  • Cengiz wins Corridor VC contract in Bosnia
    March 21, 2023
    Cengiz submitted the lowest bid in the tender which attracted three offers in the deal said to be worth around €361.8 million, according to Bosnia’s state highways agency Autoceste.
    Read More
  • Ethiopia races on with projects
    June 13, 2012
    Ethiopia is pursuing a 10-year $2.4 billion development plan, part of which are ambitious road developments. Shem Oirere reports Ethiopia is hastening its pace towards accessing a share of the East Africa commodity market and opening itself up for foreign investment through the implementation of an ambitious road development strategy, the Road Sector Development Programme (RSDP). The landlocked nation has convinced a number of international lenders of the viability of RSDP, with some of them now loosening
    Read More

Highlighted Content