EC approves €246 million for Targu Mures-Campia Turzii motorway

The European Commission has approved €246 million towards construction of Romania’s Targu Mures-Campia Turzii section of the A 3motorway. The EC money for the 51km four-lane section is from the EC’s Cohesion Fund, according to a report by the Romania Journal. Bechtel was originally going to build most of the 603km A3 to connect Bucharest with the Transylvania region and the north-west part of the country. Work should have started by now but contractual issues with Bechtel hampered progress.
June 22, 2018 Read time: 1 min

The European Commission has approved €246 million towards construction of Romania’s Targu Mures-Campia Turzii section of the A 3motorway.

The EC money for the 51km four-lane section is from the EC’s Cohesion Fund, according to a report by the Romania Journal.

4138 Bechtel was originally going to build most of the 603km A3 to connect Bucharest with the Transylvania region and the north-west part of the country. Work should have started by now but contractual issues with Bechtel hampered progress.

Finance & Funding

For more information on companies in this article

Related Content

  • Financial setbacks beset Slovakia’s highway development
    June 12, 2012
    Slovakian highway company NDS says that construction of the 13km Turany-Hubova highway may not be started in 2012. The previous Transport Ministry plan was to call the tender for this stretch in summer 2012. However, the EC has not yet approved the construction of this highway, with questions surrounding the protected area in the Velka and Mala Fatra mountains. If Slovakia does not get this approval, the country might have to chose the second option, which includes the tunnel Korbelka. The EC's decision is
    Read More
  • Loan for Bosnia motorway project
    May 9, 2019
    A loan agreement has been signed to help pay for a new motorway project in Bosnia and Herzegovina. The European Bank for Reconstruction and Development (EBRD) is providing the Bosnia and Herzegovina Government with a loan worth €210 million for next stage of Corridor Vc project. According to the EBRD, Bosnia and Herzegovina’s further economic integration with the Western Balkans and the rest of Europe will take an important step forward due to this loan for. The development of Corridor Vc is a strategic
    Read More
  • CPB Contractors closes deal for Melbourne’s West Gate Tunnel
    December 13, 2017
    CPB Contractors has achieved contractual close on Melbourne’s planned 5km West Gate Tunnel, originally called the Western Distributor. The road will link the West Gate Freeway at Yarraville, a suburb of Melbourne, with the tolled CityLink road network at Docklands via a tunnel beneath Yarraville.
    Read More
  • Construction of Fehmarn Belt Link could start in 2019
    February 27, 2018
    Construction of a Fehmarn Belt Link could start a year from now – more than a year ahead of schedule, according to Danish media reports. The timing was put forward by Holger Schou Rasmussen, chairman of Femernbælt Development, and Kristian Pihl Lorenzen, the Liberal Party spokesman for traffic issues. They reportedly said that a pending environmental court case in Germany that has stalled approval by German authorities won’t hold up construction of the 18km crossing as much as had been feared. As late as
    Read More

Highlighted Content