The 12.25-km ring-road is part of Pan-European transport corridor IV.
The project was worth 429.6 million lei (EUR96.2 million), VAT excluded, and was developed by JV FCC Construccion/PORR Bau GmbH.
It was financed with non-reimbursable EU funds worth RON211.3 million. The remainder up to RON429.6 million was covered by the state.
Construction works started in 2009 and the beltway will be officially launched on June 25. (EUR1=RON4.4646)