“The coronavirus pandemic turned 2020 into a year full of challenges, especially in terms of workforce. Sanitary rules led to restrictions, but, by streamlining work relations and introducing new technologies, we have managed to reach significant growth,” says Catalin Aldea, general manager of TerraGaz Con¬struct and minority shareholder in the company.
TerraGaz Construct focuses in 2021 on developing a residential project in northern Bucharest, on a land of approximately 10,000 square meters. The project, scheduled to be ready at the end of 2021, entails an initial investment of EUR3 million, and, upon completion, investments are expected to amount to EUR7.5 million.
TerraGaz is a family business, which started its acti¬vity back in 1998. It is held by brothers Traian and Alexandru Bunea, each holding 49% of the company’s shares, and the remaining 2% is owned by Catalin Aldea, per data on Confidas platform.
Per Confidas.ro, TerraGaz has concluded public procurement contracts worth a total RON357.8 million.
Romania’s construction market is estimated at nearly RON130 billion and is dominated by Astaldi, the local division of an Italian group, which reported a turnover of nearly RON1 billion in 2019. The top five also ranks Austria’s Strabag, Romania’s Constructii Erbasu and Bog’Art and Spain’s FCC Construccion.