The contract is financed with funds from the state budget.
According to the roads authority, the project must be completed within 21 months and is guaranteed for 48 months.
One of the two beltway sections is 8.7 kilometers long and its construction is estimated at RON153.79 million, without VAT. The other section is 11.4 kilometers long and its construction will cost about RON270.88 million, VAT excluded.
Investors interested in the project have until August 10 to submit bids, which will be opened the next day.
Contract awarding criteria take into account the price (80%) and the technical proposition (20%).
The northern section of the Bucharest beltway was inaugurated on December 1, 2010, while repairs on the southern section have not yet been completed. (EUR1=RON4.2635)