Construction works on the Parc Bazilescu – Lac Straulesti section are due to be finished in 30 months and will be financed from the state budget, Metrorex said in a statement.

The consortium is made up of firms Astaldi, Somet, TIAB and Uti Construction & Facility Management.

In March, Metrorex announced it received five bids for the construction of the subway section from two companies and three consortia.

The three consortia were: Somet – Astaldi – TIAB – UTI (with an offer of EUR164.41 million), Aktor (Greece) – Euroconstruct – Arcada (EUR194.18 million) and Max Boegl Romania – Max Bogl (Germany) – Delta ACM (EUR204.53 million).

The two other bidders were Hochtief (Germany) – with a EUR218.3 million bid, and FCC Construction (Spain) – with an offer of EUR210.52 million.

Metrorex general manager Gheorghe Udriste said at that time construction works would most likely start in the summer of 2012. (EUR1=RON4.5237)