“The contract will be terminated both because Romstrade failed to meet contract terms and because it has gone bankrupt,” Neaga said.

Transalpina is located in the Parang Mountains and links Gorj county to Sebes, Alba county.

CNADNR wants to select a new constructor to take up where Romstrade left off and find financing sources so that the project will be resumed in the first half of 2014, Neaga said.

Works on Transalpina were scheduled for completion this year.

Romstrade entered insolvency in December 2012.