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April 23, 2021

First Romanian motorway concession, 1 EUR bln deal

The concession agreement related to the Comarnic-Brasov motorway sector worth EUR 1.5 bn was signed yesterday by Transport Minister Radu Berceanu, by the President of French group Vinci, Yves-Thibault de Silguy and by a representative of Hellenic company Aktor, Mediafax informs. ‘The consortium had tried to obtain a more easily fundable contract, but it eventually renounced and the document remained unchanged’ said Adrian Ionescu, head of the Motorways Directorate of the Transport Ministry. Minister Berceanu was saying in November that, if the Vinci-Aktor consortium that had won the Comarnic-Brasov motorway concession tendering procedure did not sign the agreement by the end of the year, he would assume it was no longer interested in the project. In October he had announced that negotiations with the French-Swiss consortium were on matters regarding completion terms. The EUR 1.5 bn project is the first Romanian motorway construction concession. The concession will last 30 years. Works will commence this year and will last four years.

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