Loading page...

Romanian Business News - ACTMedia :: Services|About us|Contact|RSS RSS


Premier Ponta requests control body to check contract with Bechtel

Premier Victor Ponta on Monday sent the control body to Bechtel and asked them to check the contract with this company, governmental sources told Agerpres.The contract with Bechtel for the Transilvania motorway, connecting Brasov (central Romania) to Bors (western Romania), totally ends on Monday, currently being almost cancelled, said Minister Delegate for Infrastructure Projects and Foreign Investments Dan Sova recently. 'On Monday it ends totally. The sum is established,' said Sova.

As for the stage of the contract he made it clear that it was 'almost cancelled' and that 'there are still some small details, not essential ones, to discuss.'

Dan Sova explained that all stretches should be put up for tender and built at the same time for the Transilvania motorway to be built.The minister also said that the formula to be applied in this case would most probably be the leasing and that he had talked with a few construction companies interested in participating in the implementation of this project.

The project on building the Transilvania motorway, between Brasov and Bors, started in 2004, on the basis of a contract worth 2.2 billion euros that was granted to the American company Bechtel.

Work stopped temporarily in mid-2005, when the authorities began reexamining the contracts concluded by the previous government.

The company has finalized so far 52 km of motorway (between Turda and Campia Turzii) of the total 415 km and the deadline for the motorway had been established for 2011 and prolonged by one year because of work stopping temporarily in 2005. In the meantime Bechtel gave up the part of the motorway between Targu Mures (central Romania) and Brasov.

After 11 years since it signed the contract the Romanian State has 52 km of motorway in operation and 1.4 billion euros that were already paid.