January 27 (SeeNews) - Romania's road infrastructure company CNAIR said that it has signed two contracts worth a cumulative 21.1 million lei ($4.7 million/4.3 million euro) with a consortium made up of three local companies for a feasibility study for the construction of the expressway between Baia Mare and Bistrita.
The duration of each contract is 18 months, with the feasibility study requiring completion within 14 months and the technical documentation along with other supporting documents needing submission within 17 months, CNAIR said in a press release on Thursday.
Financing for the feasibility studies was secured through non-refundable EU funds.
The consortium comprises Quadrante Viaponte Proiectare si Consultanta, Metroul and Capital Vision.
Consortium leader and engineering specialist Quadrante Viaponte was founded in 2004 and in 2021, it booked a net profit of 19,616 lei on a turnover of 457,459 lei, latest data from the finance ministry shows.
In 2021, design and consultancy company Metroul recorded a net loss of 3.4 million lei, while turning over 13.2 million lei.
Construction specialist Capital Vision offers design, consultancy and management services in the field of civil engineering. In 2021, it netted a profit of 43,829 lei on a 4.9 million lei turnover.
(1 euro=4.8858 lei)