Constructors Vega ’93, Arcada Company, Primacons Group and Aquaform won an auction to rehabilitate roads in Buzau and Vrancea for RON508.2 million (EUR119.8 million).
The contracts do not include VAT. Road modernization works are included in the National Infrastructure Development Program.
The Government will run the program between 2011 and 2020. It is managed by the ministries of Tourism and of the Environment, according to an emergency ordinance approved in November last year.
The contracts to be awarded by the Tourism Ministry are estimated at EUR4 billion.
(EUR1=RON4.2429)