about us | newsletter | contact | archive | members area
Bogdan Nitulescu, Tremend
Cryptocurrencies volatility is a big problem»
  News:      POLITICS   |   ECONOMICS   |   ENERGY   |   INVESTMENTS   |   APPOINTMENTS   |   GREEN   |   INFRASTRUCTURE   |   REAL ESTATE   |   AGRIBUSINESS   |   DRIVING   |   CITY LIFE   |   EVENTS   |

CNAIR auctioned infrastructure projects worth four billion Euro in 2017

The National Road Infrastructure Management Company (CNAIR) informs that it auctioned projects worth around four billion Euro in 2017, the highest value in the last 27 years.

2017-12-18 11:26:13

"With a value of almost 2.6 billion RON (around 570 million Euro), the offers for lots 1 and 5 are currently in their evaluation phase, and next year the two objectives will enter their projection and execution phases. CNAIR has prepared the public auction and documents for the projection and execution of lots 2, 3, and 4 of this motorway as well, all of major importance for the Romanian economy. With an estimated cost of 3.3 billion Euro, the Sibiu-Pitesti motorway will complete the Pan-European Corridor, which transits through Romania.

Another important project is the new Bucharest Belt Motorway, which will enter its projection phase next year. The objective was publicly auctioned this year. The South Sector, which is 51 kilometers long and a total value of over 2.6 billion RON (around 580 million Euro), is part of the Capital's new Ring Road and will be similar to traffic decongestion projects built in major European cities.

Public auctions were also launched for the projection and execution of the 60 kilometers of the Suplacu de Barcau – Bors motorway. The construction may start next year, after the contract is signed and the projection phase is completed. The segment will be part of the Transylvania Motorway and will connect West Romania and Hungary, through the Bors border.

CNAIR also auctioned the projection and execution of the four lots of the Craiova-Pitesti Expressway, with a total length of 121 km and a total value of around 3.76 billion Euro (around EUR 820 million). The project is now being evaluated and will enter its projection phase next year, and it is seen as being of utmost importance for the economic development of South Romania.



COMMENTS
There are 0 comments:

 
ADD A COMMENT
 
Name
Email
Comment
Validation Code
   
 
 

0 Comments  |  8513 Views
Daily Info
Smart city is not a fad, it's a necessity

In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo...

Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"

"We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u...

Telekom Romania, a strong supporter of Smart City development in Romania

Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society...

In the industrial era, the fight was for finite material resources. Not anymore

Now organizations fight and develop themselves for and around their talent. In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e...

Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"

Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p...

 
 
   
advertising

advertising

advertising

More on News
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.

4 Comments

Catrina, MCSI: Romania is ready to roll up its sleeves and work during the presidency of the EU Council

Romania is ready to roll up its sleeves and work during the presidency of the Council of the European Union (EU), said Maria Manuela Catrina, State Secretary at the Ministr...

2 Comments

Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte

Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace a...

2 Comments

ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.

2 Comments

Revolut gets European banking license

Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has fi...

2 Comments

The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...

2 Comments

Dacia receives 115.8 million RON in state aid from the Finance Ministry

The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.

2 Comments