The contract is worth 498.8 million lei (about EUR119 million), VAT excluded, said CNADNR.
The value of the winning bid is 31.3% lower that the estimated value of the contract, namely RON726.21 million (VAT not included). The contract is over RON135 million cheaper than the one awarded to French constructor Colas in 2008 and cancelled in April.
The design of the 20.49 km-long highway section will last three months and the construction 12 months. Works will be guaranteed for 48 months.
The project will be financed with funds from the European Investment Bank, the European Commission and the state budget.
Colas was awarded a RON634 million (without VAT) contract for the construction of the Cernavoda-Medgidia segment in November 2008. The company cashed RON97 million, including VAT. The contract was terminated by CNADNR in April 2011, citing Colas’ failure to expropriate land and delays in designing an alternative route and obtaining construction authorization. (EUR1=RON4.2429)