Shortlist for Comarnic-Brasov motorway concession and financing in discussions

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Shortlist for Comarnic-Brasov motorway concession and financing in discussions

Representatives of the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have met with the Romanian Minister delegate for Infrastructure Projects of National Interest and Foreign Investments, Dan Sova and have shown their willingness to finance the Comarnic-Brasov motorway concession.

During the meeting they discussed the problem of local banks being reluctant to finance public-private partnership projects. For the EIB and the EBRD the mentioned highway concession is a priority.

The EIB and EBRD already participated in the redaction of the Law on Public-Private partnerships and they are also supporting the country in implementing the mechanisms to guarantee the functioning of this law.

Dan Sova also said:

'We assumed a difficult task when we decided to implement projects under a PPP, given that the banks are often showing reluctance to such projects. As a country we already failed in building this motorway twice, in 2004 and 2011. But we learnt from our mistakes in the past and I hope that this time we are going to succeed, because now we are more open, more focused and more transparent'.

Four consortia pre-qualified  in for the concession project in late February:

  • China Communications Constructions Company Ltd.,
  • Spedition UMB and Tehnostade, (local firms)
  • Vinci (France) - Strabag (Austria)-Aktor (Greece), and 
  • Impregilo SpA and Salini SpA. (Italy both)

On My 7th, 2013, Premier Victor Ponta announced that the negotiations over the contract for the construction of the Comarnic - Brasov motorway had begun. The winner of the tender for the construction of the project will be announced in October, said Dan Sova in April this year.

List of country news

Country news

  • September 10, 2013

    IFC to advise in PPP projects in Romania and Samoa

    The International Finance Corporation (IFC), World Bank, has announced that it will provide advisory assistance to the Municipal Authority of Public Services Regulation of the Municipality of Bucharest to structure a tender for the district heating service of the Bucharest Municipality. The total estimated budget for this project is 1.999.999,00 €. Read more
  • October 09, 2013

    Romania to approve new law on PPP and award road concessions

    The Romanian government sent on Monday, Sept. 30th, the draft of a new Public Private Partnership (PPP) law to the Parliament. This new piece of legislation has been designed to make PPP and concession projects bankable. Read more
  • December 12, 2013

    Comarnic-Brasov highway concession attracts two bidders

    Two foreign consortia placed final bids for the 58 km Comarnic-Brasov motorway concession, announced the department for large infrastructure projects and foreign investments (DPIIS) of Romania:

    Read more
  • December 20, 2013

    Vinci-Strabag-Aktor consortium wins Romanian highway concession

    The consortium beat competition from another consortium comprising Italian companies Impregilo and Salini. Romania's UMB Spedition, a highway construction firm controlled by local businessperson Dorinel Umbrarescu, gave up its intention to submit an offer. According to sources, China Communications Constructions Company Ltd. had also been shortlisted for the project. Read more
  • February 12, 2014

    Romania to build Bucharest metro line through PPP

    Romania's Ministry of Transport has announced that it plans to build the new Bragadiru - Voluntari metro line 7 in Bucharest through a public-private partnership or a concession. Read more

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