about us | newsletter | contact | archive | members area
Nicolae Ghibu, Certsign
Regulations will come gradually and will cover all areas»

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.

There are 0 comments:

Validation Code

0 Comments  |  21344 Views
Daily Info
Smart city is not a fad, it's a necessity

In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo...

Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers"

"We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u...

Telekom Romania, a strong supporter of Smart City development in Romania

Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society...

In the industrial era, the fight was for finite material resources. Not anymore

Now organizations fight and develop themselves for and around their talent. In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e...

Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania"

Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p...




More on News
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania

Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania.


Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte

Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace a...


ArcelorMittal receives binding offer for European assets from Liberty

British-owned Liberty announced a conditional agreement to buy four European steel plants, employing more than 12,500 people.


Revolut gets European banking license

Fintech startup Revolut is now officially a bank. While the startup initially expected to get its European banking license during the first half of 2018, the company has fi...


The Romanian labour market needs a well-thought approach, says FIC

The Foreign Investors Council (FIC) has signaled in the past 2-3 years that its members are anticipating increasing strains on the Romanian labour market because starting w...


Dacia receives 115.8 million RON in state aid from the Finance Ministry

The Romanian Finance Ministry has signed five more grant agreements under the state aid scheme, and among the beneficiaries are Automobile Dacia, with RON 115.8 million.


EBRD cuts economic growth forecast for Romania

Romania's economy will grow by 4.2 per cent this year and by 3.6 per cent in 2019, according to the most recent forecast released by the European Bank for Reconstruction an...