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May 9, 2021
BUSINESS

CNADNR , Turkey’s Eko Insaat Ve Tic sign contract for construction works of Bacau beltway

The National Highways and National Roads Company (CNADNR) has signed with Turkey’s Eko Insaat Ve Tic the contract for the construction of the Bacau beltway, a contract worth RON 394 M (EUR 89.54 M), VAT not included.

“The contract was offered, following the completion of the public tender (open tender), to Eko Insaat Ve Tic, and has a value of RON 393,881,389.36, VAT not included. The financing comes from non-reimbursable European funds (85 per cent) and the state budget (15 per cent),” a CNADNR communiqué shows.

The contract’s duration is 48 months, of which 24 months for construction works and 24 months for the warranty period, and the beltway has a length of 30.7 kilometres. Of that, 16 kilometres overlap the projected A7 Highway.

Eko Insaat Ve Tic’s portfolio includes several highway and roads constructed in Turkey, Bulgaria and Kazakhstan.

 

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