Romania signs two major SAFE-financed contracts in defense, infrastructure

Update: A third contract financed through the SAFE program was announced on Friday, May 29, by Romania’s National Road Investment Company. The authority signed the contract for section 3 of the A8 highway Lețcani (DN28) – DN 24 (Iași) with Spanish builder FCC Construcción. The contract is valued at RON 3.93 billion (EUR 748.6 million), excluding VAT.

Gabriel Budescu, head of the Romanian authority, said that the contractor is one of the largest in Spain, with a relevant portfolio of works in Romania. “However, we warn all contractors that the deadlines for the A8 Highway are already tight, and we will not accept any deviation from the contractual deadlines. Once the commencement orders are issued, we expect a proper work schedule,” he added.