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Aktor-Vinci-Strabag consortium sues Romania for auction cancellation of Comarnic-Brasov

The Greeks of Aktor, together with Vinci and Strabag construction companies sues the Romania state for the auction annulment regarding the construction of Comarnic-Brasov segment which previously has been won by the consortium formed by the three mentioned companies.

2015-10-05 11:52:41

The National Company of Motorways and National Roads of Romania (CNADNR) decided to cancel the assignment of the construction contract following "reasons that are not in the responsibility of the consortium," a statement of Aktor read.

The auction winning contract has been assigned to the consortium in 2013 but in June, CNADNR canceled the assignment contract. According to the institution, "the association of the three companies didn't manage to obtain the involvement of international financial institution such as EBRD, EIB or International Finance Corporation (IFC), part of World Bank for financing the concession contract. On the other hand, if the contracts would be financed only through private financers, the costs are expected to increase," CNADNR stated in June. Another reason has been the negative impact over the public debate of the project, especially due to the involved costs, CNADNR added at that time.
Within the consortium, Aktor Concessions owns 25 per cent shares, Vinci Concessions 37,5 per cent shares while Strabag is represented with 37,5 per cent shares.

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