Romanian constructor UMB Spedition did not submit a final bid, said the Department for Infrastructure projects and Foreign Investment.

The winning bid will be announced on December 20.

The European Investment Bank, the European Bank for Reconstruction and Development, and the World Bank have expressed interest in financing Comarnic – Brasov highway, infrastructure minister Dan Sova said in a televised interview in November.

Sova said a builder for the 58-kilometer highway stretch would be selected in December and the works, estimated at EUR1.2-1.3 billion, could start in April 2014 and are expected to be finished in 2016 or 2017.

The speed limit on the highway will be 130 km/h and the toll could be set at EUR3/100 km.

Romania has had two previous attempts at building the Comarnic-Brasov highway, most recently in 2010, when the contract was awarded to a consortium made up of Vinci (France) and Aktor (Greece). Greek group Ellaktor, which includes Aktor, said at the time the contract was cancelled as the Romanian state refused to accept certain clauses, making financing impossible.