The contract was awarded through an open auction. The winner will design and construct the beltway section and will provide technical assistance services.
The rind road’s design will be finished in three months and upgrade works in 15 months. Works are guaranteed for four years.
The project is financed with funds from the state budget.
Delta ACM 93 is controlled by Romanian businessman Florea Diaconu. The company has signed several construction contracts with the roads authority and the Development Ministry. In February, it was awarded a $66.7 million contract to construct a highway section in Iraq.
Azvirt LLC, a subsidiary of an Azerbaijani company bearing the same name, was opened in Bucharest in April.
Maxidesign is held by Marian Daniel Marin and Nicolae Popescu. It was set up last year.
(EUR1=RON4.3577)