The contract was awarded on June 28 to the lowest bidder, through negotiation without auction participation announcement. Works were initially estimated at RON75 million, net of VAT.
In March 2011, Metrorex signed a contract of RON918.9 million with this consortium for consolidation works on the respective section covering 6.2 kilometers and nine stations.
The contract for the construction of Valea Ialomitei station and depot, part of the fifth subway mainline, was awarded at that time to Max Boegl for RON231.6 million, net of VAT.
The European Commission has approved the financing of subway infrastructure works with EU funds.