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Bucharest
October 25, 2020
BUSINESS

The value of the contract for the Nadlac-Arad motorway to increase by up to 20 pc

The Romanian Company of Motorways and National Roads (CNADNR) is willing to pay up to RON 364 M (VAT exclusive) for the completion of the first segment of the Nadlac-Arad, romanialibera.ro reports. CNADNR is organising a new auction for the first segment (22 km) of the Nadlac-Arad motorway, after late last year it terminated the contract signed in April 2011 with businessman Nelu Iordache, who is now on remand, and with Portuguese company Monteadriano. The motorway should have been completed this year, but only 6 pc of the works have been achieved so far, CNADNR estimates. Two years ago, Romstrade and Monteadriano won the auction in which they competed against 7 companies, although they only had the 6th price.

The documentation for repeating the auction, which was made public these days, provides for “an estimated value of the contract” of approximately RON 304 M, with the possibility to increase it later by RON 60.8 M, up to a level named by CNADNR as the “total estimated value” of RON 364.8 M. The documentation of the tender advises contractors to make their offers based on the estimated value of the contract, rather than the total one, meaning that their offer should be under RON 304 M.

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