Romania's public road company CNAIR signed on July 31 with Chinee construction company Sinohydro the contract for the construction of the 5.535-km ring road of Zalau city in western Romania.
The contract's value is RON 186 million (EUR 38.2 mln), without VAT. The Chinese group was the sole bidder for this contract.
This is the first road contract won by a Chinese company in Romania, according to Economica.net.
The contract is financed from the European Union's budget.
The duration of the contract is six months for design, 24 months, for execution, and 84 months warranty period.