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

  • Near US$200m loan for Balkan motorway
    April 27, 2012
    The European Bank for Reconstruction and Development (EBRD) has granted a US$198million (€150million) sovereign-guaranteed loan for the construction of part of the new Banja Luka-Doboj motorway in Bosnia and Herzegovina. The loan-targeted motorway section is the main east-west link in Republika Srpska, one of the country’s entities. The EBRD said it will also support the preparation of the first public-private partnership (PPP) project for the main north-south link in Bosnia and Herzegovina, Doboj to Vukosa
    Read More
  • Strabag closes in on Poland’s S8 Marki-Kobylka contract
    August 19, 2019
    Strabag has nudged into the lead for Poland’s retender of the dual lane S8 section between the Marki and Kobylka junctions, previously held by Salini-Impreglio. Five offers were on the table for the deal with Strabag offering €38 million, well above the €32 million that was budgeted for by GDDKiA, Poland’s road authority. Other bids came from a consortium headed by Warszawskie Przedsiebiorstwo Mostowe Mosty at nearly €40 million, a PORR and Unibep consortium offere at almost €59 million, a bid by I
    Read More
  • New airport link road for Lagos
    March 19, 2019
    A rebuilt highway will improve transport from Nigeria’s commercial centre, Lagos, to its main airport. The project is providing a new highway stretch featuring up to five lanes in either direction from Oshodi on the west of the city out to Murtala Muhammed International Airport, which lies to the north. The work commenced in 2017 and is being carried out by the local contractor Hitech Construction Company. The new route will provide an improved connection from the Apapa Oworonshoki Expressway and the proje
    Read More
  • EC may seek ‘infringement procedure’ if no Budapest congestion charge by 2015
    December 14, 2012
    The European Commission (EC) has urged authorities in the Hungarian capital Budapest to introduce the congestion charge in the city by 2015 at the latest or face EU legal sanctions, according to some press reports. Should the local authorities fail to take the step, the EC may launch an infringement procedure against Budapest. Thus, the city’s leaders would be obliged to repay EU funds worth €641.6 million (HUF 181bn) provided for building Budapest's Metro 4 underground line. Earlier this year, the Hungaria
    Read More

Highlighted Content