June 16 (SeeNews) - Romania's road infrastructure company CNAIR said on Thursday that a consortium led by Italian construction and civil engineering group Impressa Pizzarotti has signed a 1.47 billion lei ($309 million/297 million euro) contract to build a section of the Ploiesti-Buzau motorway that will connect Romania's historical regions of Moldova and Muntenia.
The 21 km section between Dumbrava and Mizil in Prahova county should be built in 20 months, with a warranty period of ten years, CNAIR said in a press release.
The local arm of Pizzarotti is also part of the consortium, alongside local Retter ProjectManagement.
The companies will also build 14 road bridges and a road passage as part of the motorway section. This is one of four sections which will form the A7 motorway to connect Ploiesti in southern Romania, and Pascani in the eastern part of the country.
The investment is financed through non-reimbursable EU funds under Romania's Recovery and Resilience Plan, PNRR.
Impresa Pizzarotti is a construction and civil engineering company with headquarters in the Italian city of Parma. It is active in the design and construction of major civil and infrastructure works, such as buildings, hospitals, roads and motorways, rail works and underground works. Its Romanian arm Pizzarotti S.A. was established in 2012 in Cluj-Napoca, according to data posted on the finance ministry's website.
Sibiu-based Retter ProjectManagement was founded in 2006 and employs 25.
Earlier this month, CNAIR said that a consortium comprising local company Coni and Bulgarian civil engineering company Trace Group Hold signed a 1.25 billion lei contract to build the Mizil-Pietroasele section of the same motorway.
(1 euro=4.9443 lei)