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Romania's EUR100M Debt To Highway Constructor Bechtel To Be Paid In January - Acting Transports MinUpdated: 02-12-2009 | Economy
Romania still has a debt of EUR100 million to Bechtel, the company building the Transylvania Highway, which will be paid in January 2010, acting Transports Minister Radu Berceanu said Tuesday.
Berceanu said, after the highway's first segment was opened, that the outstanding sums include bills for work performed in the last months and for work completing the segment.
Berceanu added that work will have to continue on the Transylvania highway next year, to connect segment 3C in Bihor County to the road hub in Gilau, Cluj County. The highway is also planned to connect the city of Targu Mures to the Hungarian border. The acting Transports Minister said talks with Bechtel are underway, looking for a solution to finance the Brasov-Targu Mures segment from sources other than the state budget.
The Transylvania Highway costs an average EUR11 million per km. Berceanu said there will be a highway toll, but only after it is completed in its entirety, from Brasov to Bors.
The acting Transports Minister said that a further 48 km might be completed next year, 12 km between Campia-Turzii and Turda, and 36 km on segment 3C. Berceanu added that 60 km of the Bucharest-Ploiesti highway may be completed next year, as well as a beltway for Sibiu.
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