The Austrian group Strabag has been awarded a two-year contract worth €34.6mn for the modernisation of a 48km stretch of the national road M2 in the Republic of Moldova. The upgrade route runs between Ghindesti and Drochia.
July 20, 2012
Read time: 1 min
The Austrian group 945 Strabag has been awarded a two-year contract worth €34.6mn for the modernisation of a 48km stretch of the national road M2 in the Republic of Moldova. The upgrade route runs between Ghindesti and Drochia.
Serbia has managed to reduce the cost of building the Corridor 10 highway by €80 million. These funds will instead be used to pay for upgrades and improvements needed for the second section of the highway project, close to Neradovci.
So far some 180km of the Corridor 10 highway has been built over a 40 month time frame. A further 150km of the highway has still to be built. Work on the Corridor 10 motorway is also being financed by the European Bank for Reconstruction and Development and the state budget.
Two major road contracts have been awarded in Ecuador by the road authorities. OHL has won the concession for a 131km stretch of road between Babahoyo and Jujan. The 30-year concession package involves an investment of over US$726 million. Meanwhile Tecnica General de Construcciones has a 30-year concession for the 113km road connecting Buena Fe and Santo Domingo. This deal is worth $591 million and includes widening the road so that it features two lanes in either direction.
