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Romanian tie-up wins 2.78 bln lei (565 mln euro) deal to build Buzau-Focsani motorway sections

Romanian tie-up wins 2.78 bln lei (565 mln euro) deal to build Buzau-Focsani motorway sections Romania motorways map Source: Google Maps

BUCHAREST (Romania), September 20 (SeeNews) - Romanian road infrastructure company CNAIR said that a consortium made up of local companies SA&PE Construct, Spedition, Tehnostrade and Intertranscom won a 2.78 billion lei ($565.2 million/565.1 million euro) tender for the construction of two segments of the Buzau-Focsani motorway.

The works should be completed in 26 months, with a ten-year warranty period, CNAIR said in a press release on Monday.

The motorway segments also call for the construction of 30 bridges, including two with a high level of complexity: the Ramna bridge, with a length of 381 m, and the Ramnicu Sarat bridge, with a length of 791 m.

The Buzau-Focsani motorway is part of the north-eastern region of Romania and will facilitate access to the touristic area of Piatra Neamt and the northern Moldova area.

According to CNAIR, the signing of the public procurement contract will be possible after the expiration of the period for submitting any appeals and, respectively, after the settlement of all appeals and complaints made after the tender.

Funding for the two contracts is provided through Romania's national recovery and resilience plan PNRR.

SA&PE Construct was established in Bacau in 2013 and had 14 employees at end-2021, according to latest data available on the finance ministry website.

Part of the UMB Group, owned by local businessman Dorinel Umbrarescu, Tehnostrade was established in 2004 and employed 2,259 at the end of 2021, according to data from the finance ministry website.

Spedition, part of the UMB Group, was founded in 1997 and booked a net profit of 29.7 million lei in 2021, data from the finance ministry's website shows.

Intertranscom was established in 1994 and registered a net profit of 174.8 million lei in 2021, according to data from the finance ministry website.

(1 euro=4.9313 lei)

 
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