The City of Buzau, Rumania, has published an invitation for tenders for the rehabilitation and maintenance of streets and roads in the city of a total length of 53.4 kilometers.

The project will involves the design, build, finance and operation (DBFO) of the roads during the 12-year concession contract. Specifically, the project comprises:

• Design and execute works for the rehabilitation of the roads, over a construction period of three years;
• Maintain and operate the roads as follows: during the construction period, to maintain and repair roads prior to and after their rehabilitation; and, during the remaining term, provide full operation, maintenance and repair, of all roads under the contract, including regular,  periodic and winter maintenance; and
• Obtain and provide all funding necessary for the works and services during the construction period, with not more than 80% represented by senior loans, and not less than 20% provided in the form of operator's own equity investment.

The total value of the contract over its 12-year term is estimated at approximately €49 million (US$52), of which total estimated funded cost during the construction period is €22.4 million (US$23.8), with equity contributed by the operator of 20% of funded cost, or €4.5 million. Senior loans for the project are to be provided by international financing institutions, which may include the EBRD, and by commercial banks. Equity is to be provided by the operator.

Interested parties must submit their proposals on or before 23 June 2015.

Buzau is the county seat of Buzau County, located in south-eastern Romania in the historical region of Muntenia.  With a population of 145,000, and an economy based principally on manufacturing, including safety goods, railroad equipment and steel, and baking and milling, the city is the commercial and transport hub of the region.

See invitation for tenders:

http://ted.europa.eu/udl?uri=TED:NOTICE:128269-2015:TEXT:EN:HTML