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Article: Romania: Romania Freight Transport Report Q3 2008.
- Article from:
- TendersInfo
- Article date:
- November 26, 2008
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Byline: pinto03
In June 2008, the European Investment Bank (EIB) announced funding for a combined EUR550mn (US$853mn) road and rail project designed to upgrade the Romania East-West transport axis running along Pan-European Corridor IV. The railway segment would involve spending EUR300mn (US$465mn) on upgrading the tracks between Simeria and the Hungarian border, while EUR250mn (US$388mn) would be spent on building a new motorway between Cernavoda and Constanta. The Romanian authorities said they had received a total of 13 bids from foreign companies interested in designing and building the 52km motorway link between the two cities. Construction work would be completed ...