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Astaldi team wins €$100m Romanian motorway contract

Staff writer ▼ | April 20, 2016
A joint venture led by Italian construction company Astaldi and Max Bogl has won a €100m (£79.5m) contract for the Brasov–Oradea motorway in Romania.
Construction   Joint venture will build the Brasov–Oradea motorway
The two companies each have a 48.5% stake in the joint venture, with the remaining 3% taken by Romanian designer Consitrans.

The contract covers design and construction of about 18km of motorway, including three viaducts, overpasses, three flyovers, and a motorway interchange.

Works will begin next month, and have a duration of 16 months, made up of four months for design and 12 for construction.

Client for the project is the National Company of Motorways & National Roads of Romania, and the works are 75% financed with European funds, with the remaining 25% coming from the state budget.