Romania: Romania: Bucharest North and South ring road

March 1, 2010

Romania: Bucharest North and South ring road - more than 2 bln euros
Mar 1, 2010

Romania: Bucharest North and South ring road - more than 2 bln euros.
Bucharest, March 1 /Agerpres/ - Bucharest North and South ring road works, at motorway level, are to cost more than two billion euros, three times as much as the initial estimations in the feasibility studies conducted over 2002-2003 due to more than 60-fold rise in the price of land going to be expropriated.

Constructors working at Capital's South ring road extension asked the Ministry of Transport several supplements to the contracts concluded for the extension of the ring road, according to information remitted AGERPRES by the Ministry of Transport and Infrastructure.

The three segments of the South ring road are to be constructed by some consortia, receiving a segment each. According to the quoted source, the additional documents asked by some constructors exceed the value of 50 percent of the contract, the maximum admissible according to the law, two of the three conglomerates sending to the National Company of Motorways and National Roads - CNADNR letters to ask for the conclusion of additional documents, which exceed by 100 percent, respectively 80 percent, the initial value, when they won the respective contract.

The ring road has small chance to be finalized this year, as the authorities promised, because, apart the constructors requests, CNADNR has budgeted this year just 40 percent of the needed amounts for land expropriation on the South ring road track.

Three consortia are to carry out the extension works to the Capital's South ring road to four lanes, with an initial cost of more than 68 million euros. Delta ACM - Tehnologica Radion is to construct the first segment, between km. 23 and 33, at an initial cost of 20.96 million euros.

The second segment, between km 33 and 43, is to be made by an association between Euroconstruct and Romstrade, at a cost of 26.86 million euros.

The last segment, between km. 43 and 55, is to be constructed by Straco and SCT associates, for the initial amount of 20.35 million euros, but this consortium has already received an added eight million euros.

The works finalization deadline is 2010 for all the three segments. AGERPRES
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