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Romania
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Fortenova sells agri unit to Podravka for 333 mln euro
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Romania awards 197.7 mln lei (43.6 mln euro) road upgrade contract to Spanish-Romanian tie-up

Dec 7, 2012, 6:00:56 PMArticle by Alexander Oleinic
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December 7 (SeeNews) - Romania’s public roads authority CNADNR said on Friday it had awarded a 197.7 million lei ($56.3 million/43.6 million euro) road upgrade contract to a tie-up comprising Spain's Comsa Sau and Romania's Corporate Management Solutions.

Romania awards 197.7 mln lei (43.6 mln euro) road upgrade contract to Spanish-Romanian tie-up

The value of the contract excludes value-added tax.

The contract, awarded in an open bid tender, involves the rehabilitation of a 44.6-kilometre long section of national road 66 in southwestern Romania, CNADNR said in a statement.

The duration of the contract is 18 months, to be followed by a warranty period of 24 months.

The project is financed by the Romanian government and the European Investment Bank.

(1 euro = 4.5323 Romanian lei)

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