The design of the 20.49-km long highway section will be finished in three months and the construction in 12 months. Works are guaranteed for 48 months, CNADNR said in a press release Wednesday.
According to the source, the value of the contract awarded to the consortium is lower than its estimated value, namely RON726.2 million, without VAT, and EUR60 million lower than the value of the contract awarded to constructor Colas and cancelled later.
The project is financed with funds from the European Investment Bank and with cohesion funds.
Colas was awarded a RON634 million (without VAT) contract for the construction of the Cernavoda-Medgidia segment in November 2008. The company cashed RON97 million, including VAT. The contract was terminated by CNADNR in April 2011, citing Colas’ failure to expropriate land and delays in designing an alternative route and obtaining construction authorization.
(EUR1=RON4.2902)