Vinci-Strabag-Aktor consortium to build 58km motorway section in Romania

By bne IntelliNews December 20, 2013

A foreign consortium formed by construction companies Vinci, Strabag and Aktor will build the 58-km motorway section Comarnic-Brasov on the Bucharest-Brasov route, Romanian PM Victor Ponta announced as quoted by HotNews online publication.

The section stretches through mountains and will include 53 bridges and viaducts plus 18 tunnels with a combined length of 2.89km.

It will be the first motorway developed in Romania under a concession contract. Construction works for the section are estimated at around EUR 1.2bn. 

The consortium will operate the motorway section after it is completed. The contract, including the construction period, will be of 30 years. Construction works are expected to take some 3 years. The investor will charge a toll in order to recover its investment and will supplementary derive revenues from fuel stations and advertising companies operating along the motorway. The investor will supply maintenance works for the motorway until the end of the contract.

The government will top up the toll collections in order to guarantee a full recovery of the investments. Under independent estimates, it is likely that the government will eventually pay EUR 4-4.5bn for the motorway in the 30-year period, HotNews specifies.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Romanian media tycoon Voiculescu to be released on parole

A Romanian court ruled on July 18 that media tycoon and former politician Dan Voiculescu, who was sentenced to 10 years in prison in August 2014, should be released on parole after serving ... more

Evolution Equity Partners closes $125mn cybersecurity-focused fund

Evolution Equity Partners announced on 17 July the final closing of a new fund with total capital commitments of $125mn to make investments in cybersecurity and next generation enterprise software ... more

Romanian PM's adviser sacked after proposing tax on churches

Romanian prime ministerial adviser Eugen Teodorovici was reportedly dismissed from the post on July 14, the day after he spoke about the possibility of taxing the local Orthodox Church. Teodorovici ... more

Most Read

  1. Siemens considers quitting Russia
    7 days ago
  2. COMMENT: Gazprom’s exit from Turkey is a sign of the times
    8 days ago
  3. Nato still has a mixed reception in Emerging Europe
    7 days ago
  4. Wildfires hit Croatia and Montenegro’s Adriatic coast
    4 days ago
  5. Tajik president’s 23-year old daughter appointed deputy head of largest Tajik bank
    2 days ago
  1. CHINA RISING: When sleeping giants meet
    11 days ago
  2. Belarus’ retail king Euroopt goes on the road
    16 days ago
  3. Moldova, Bulgaria, Poland, Albania and Latvia to lose more than 40% of their populations by 2100
    29 days ago
  4. STOLYPIN: Russia’s cyber-challenge cuts both ways
    19 days ago
  5. Siemens considers quitting Russia
    7 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss