Shortlist for Comarnic-Brasov motorway concession and financing in discussions

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Shortlist for Comarnic-Brasov motorway concession and financing in discussions

Representatives of the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have met with the Romanian Minister delegate for Infrastructure Projects of National Interest and Foreign Investments, Dan Sova and have shown their willingness to finance the Comarnic-Brasov motorway concession.

During the meeting they discussed the problem of local banks being reluctant to finance public-private partnership projects. For the EIB and the EBRD the mentioned highway concession is a priority.

The EIB and EBRD already participated in the redaction of the Law on Public-Private partnerships and they are also supporting the country in implementing the mechanisms to guarantee the functioning of this law.

Dan Sova also said:

'We assumed a difficult task when we decided to implement projects under a PPP, given that the banks are often showing reluctance to such projects. As a country we already failed in building this motorway twice, in 2004 and 2011. But we learnt from our mistakes in the past and I hope that this time we are going to succeed, because now we are more open, more focused and more transparent'.

Four consortia pre-qualified  in for the concession project in late February:

  • China Communications Constructions Company Ltd.,
  • Spedition UMB and Tehnostade, (local firms)
  • Vinci (France) - Strabag (Austria)-Aktor (Greece), and 
  • Impregilo SpA and Salini SpA. (Italy both)

On My 7th, 2013, Premier Victor Ponta announced that the negotiations over the contract for the construction of the Comarnic - Brasov motorway had begun. The winner of the tender for the construction of the project will be announced in October, said Dan Sova in April this year.

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