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May 18, 2021

Gov’t to negotiate Sibiu-Pitesti highway project with Chinese investors

The representatives of the Romanian Government will embark, on Wednesday, on a visit to China to negotiate several economic projects, including the building of new Termoelectrica coal capacities in Doicesti and the Sibiu-Pitesti highway,as well as the selling of 15 pc of Transelectrica’s joint stock, Mediafax reports.

Other projects in which the Romanian Cabinet is trying to draw Chinese investors are the Bragadiru-Voluntari metro line and the Braila-Tulcea Bridge across the Danube, according to official sources. The Cabinet will be represented in the talks Prime Minister Emil Boc, Economy Minister Ion Ariton, Foreign Minister Teodor Baconschi and Transport Minister Anca Boagiu.

The Ministry of Economy announced, earlier, it wished to draw private investors into a project to build two new energy-generating capacities at the Doicesti plan, with an estimated cost of EUR 700 M, and Termoelectrica signed, to this purpose, an agreement with China Huadian Engineering. The Chinese company could take over a number of coal mines in the Wallachian Basin, via which it would ensure raw materials for the power-generating plant in Doicesti. According to other sources in the energy sector, China Huadian also voiced an interest in becoming a shareholder in EnergoNuclear, the company which is running the EUR 4 bln-project for the building of nuclear reactors 3 and 4 at the Cernavoda plant.

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