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

  • Has the promised investment happened?
    July 10, 2012
    At the end of 2008 and the start of 2009, the world's banking system spiralled into crisis, triggered by a series of catastrophic blunders caused by bankers trying to create money from nothing. The result was to plunge the world's economy rapidly into recession. Having proved in effect that lead cannot be turned into gold, the bankers retired on fat pensions leaving governments to pledge huge sums to the banks and fill in the financial gaps.
    Read More
  • Vietnam bridge, road and highway development projects
    June 20, 2018
    Vietnam is pushing ahead with a series of road, highway and bridge projects that will improve the country’s transport network. Feasibility studies for three stretches of the North-South Expressway have been received by Vietnam’s Ministry of Transport (MoT). The 29km stretch from Nha Trang to Cam Lam is expected to cost US$177.9 million, with work starting in 2019 and due for completion in 2021. The 60km stretch from Dau Giay to Tan Phu will be built from 2018 to 2022. The 101km stretch from Vinh Hao to Pha
    Read More
  • Bulgaria: back on track?
    July 23, 2012
    Several important Bulgarian road projects are expected to gain momentum over the coming weeks, a welcome boost for a sector that has been beset by delays in the past. In mid-September, the National Road Infrastructure Agency (NRIA) announced that it would soon be declaring new tenders for the construction of two key road projects worth a total of US$94 million (approximately €68.8 million). One section will link the south-eastern city of Kardzhali to Podkova, near the Greek border: the second will connect t
    Read More
  • Funding problems for Bosnia's highway project
    May 14, 2012
    The Bosnian autonomous entity Republika Srpska recently cancelled a highway contract with Austrian construction company Strabag. The problem arose from alleged “irregularities” that saw the contract being awarded directly to Strabag without the work being put out for tender. Because of this, international financial institutions such as the European Bank for Reconstruction and Development (EBRD) have said they will not fund the project.
    Read More

Highlighted Content