The contract, initially worth RON63.7 million, net of VAT, was awarded in early September. City Hall received nine offers in the public auction; the contract went to the lowest bidder.
The work is financed through the Regional Operations Program, managed by the Ministry of Regional Development and Tourism.
According to the Trade Registry, Iasi-based Conest is controlled by Viorel Cozma, who owns 51.7% of the capital. Media Rom Grup, owned by Ioan Melinte, controls 40.7%.