Strabag wins €106m Romanian road projects

The Austrian developer is to lead the rehabilitation and upgrade of 150km of road in Romania. The works form part of the country’s sixth national road rehabilitation programme, which is backed by funding from the European Investment Bank.

Strabag, the Austrian developer, has been awarded contracts to rehabilitate and upgrade the DN14 and DN15A national roads in Romania. The combined value of the contracts is around €106 million.

The projects comprise the widening and improvement of the existing road network, the rehabilitation of bridges and the installation of safety facilities. The works will take place on the DN14 between Sibiu and Sighisoara and on the DN15A between Târgu Mures and Saratel. Altogether Strabag will rehabilitate 150 kilometres of road, with construction to begin in April 2011 and scheduled for completion in March 2013.

“Romania’s transportation infrastructures are in the middle of an upswing thanks to state investments,” said Strabag  chief executive Hans Peter Haselsteiner. “Just last summer, we were awarded the contract to rehabilitate DN67B and, in autumn, we won the highway project Deva Orastie.” 

The works are part of the sixth rehabilitation programme of national roads in Romania, which is financed by funds from the national budget and the European Investment Bank (EIB). The EIB entered the programme in 2006, when it committed to invest up to €450 million. The total cost of the programme was expected to be as much as €945 million.

Strabag has had mixed fortunes lately in relation to road projects. Last December, it was part of the A-Lanes 15 consortium which announced the €1.5 billion financial close of the A15 road project in the Netherlands. But, around a week ago, it was revealed that the €740 million Nairobi toll road project in Kenya – which it was leading alongside Israel’s Shikun & Binui – had collapsed due to the withdrawal of the World Bank from the project.