Five construction companies sign contracts for EUR 427 mln highway segments in Romania

Construction companies Strabag, Straco Grup- Studio Corona and Astaldi – Astalrom have won the bids to design and built three segments of the Orastie Sibiu highway, according to Romania's Transport and Infrastructure Ministry. The three contracts, worth a total of EUR 427.5 million, have recently been signed. Strabag has won a EUR 166.6 million contract for the first segment of the highway, while the association Straco Grup – Studio Corona will be the beneficiary of the EUR 114.2 million contract for another segment of the same highway. A third segment went to the association Astaldi – Astalrom, a contract worth EUR 146.6 million. All the contracts extend over 22 months, plus four years of guarantees. The financing is covered by the European Union, through the Cohesion Fund – 85 percent, with the remainder from the Romanian Government. editor@romania-insider.com