The Government of Romania has received five bids for the development of the Ploiesti-Brasov Motorway project. The project will be implemented through the Public-Private Partnerships (PPP) investment scheme.
The tender documents are analyzed by an Evaluation Commission of the National Commission for Strategy and Prognosis. Tenders were opened in the presence of private investors who submitted the request for participation in this project. At this point, the legal procedure provides for the following actions:
1. Announcement, in about five days, of the selected candidates with a view to submiting the technical and financial tender;
2. Submission of detailed tenders within 60 days from the communication of acceptance;
3. Competitive negotiation of the clauses of the public-private partnership contract;
4. The designation of the winning private partner and of the variant of public-private partnership contract that will be submitted to the Government's approval;
5. Signing of the public-private partnership contract approved by the Government;
6. Establishment of the project company by CNAIR(National Company for Road Infrastructure Administration) and the private partner.
The number of submitted tenders shows both the special interest of the investors in the strategic projects to be carried out in public-private partnership, as well as the confidence of the business sector in the Romanian economy. Also, the registration for this first project shows that investors appreciate the Government's demarche to improve the legal framework and to approve the achievement of 21 strategic investment projects in public-private partnership .
The Ploiesti-Brasov motorway project stretches over a 24-year period including the design, execution and the operation period. The project also includes the operation of the Bucharest – Ploiesti motorway section ever since the signing of the award contract.
The cost of the motorway is estimated at EUR1.36 billion (US$1.55 billion). The contract also provides for annual payments from public funds to ensure that the private partner recovers the investment.
