BNR Exchange Rates
10.02.2012- 1 EUR
4.3529 RON - 1 USD
3.2831 RON - 1 CHF 3.5986 RON
- 1 GBP 5.1981 RON
- 1 gr. aur181.2627 RON
Germany's Max Bogl, interested in building Drumul Taberei underground main lineUpdated: 11-02-2010 | Economy
German construction group Max Bogl has voiced interest in participating this year in various construction projects in Romania, including main line 5 of the Bucharest metro, the Deva-Orastie by-pass and some environmental projects.
'We are closely watching two big projects, namely the Deva-Orastie ring road and main line 5 of the Bucharest metro, along with environmental infrastructure projects, including ecological landfills,' capital.ro quotes Max Bogl Romania Director Romeo Botocan as saying.
For main line 5 of the Bucharest underground - Drumul Taberei - Universitate - Pantelimon -, its administrator, Metrorex, has announced waiting for bids to be lodged by March 2 for works valued at RON 1.16 billion on the resistance structure of its Raul Doamnei - Hasdeu (Opera) portion.
The 32.8-km long Deva-Orastie motorway will be a segment of the future Pitesti-Sibiu-Deva-Nadlac motorway. The works contract, valued at more than 250 million euros, VAT excluded, was to be awarded last October, but the tender was challenged and the tender procedure will resume this February.Max Bogl's aggregate business in Romania advanced 50 million euros in 2009, to nearly 75 million euros, with 2010 estimates reading 110-120 million euros.
The estimates for 2010, the year when the German builder is expected to finalise the Lia Manoliu Stadium of Bucharest, under a partnership with Italy's Astaldi, is conditional upon the payment schedule being observed as mentioned in the contracts, says Botocan.
Germany's Bogl, Italy's Astaldi and France's Colas will together build the last two segments of the Bucharest-Constanta motorway that are nearly 50 km long.The value of these contracts is put at nearly 348 million euros, VAT excluded, to which land expropriation costs will add.
Latest News:
- Combined revenues of the top 20 Deloitte Football Money League clubs exceed €4.4bn to defy European economic woes
- Five banks join the partnership between RBS Romania and Vodafone for the payment of mobile telephony bills by inter-bank direct debit
- The Western Union Company reported financial results for the 2011
- Vodafone Romania reports financial results for the third quarter of the financial year 2011 - 2012
- Business needs to do more to manage deal risks in growth markets, urges PwC report
- COSMOTE Romania advises parents to keep their children safe on the internet, for the 4th year in a row
- President Basescu names Mihai Razvan Ungureanu to head new Gov't of Romania
- BNR decide do lower the monetary policy rate to 5.50 percent
- Romania: Record Transaction for the Office Market Outside Bucharest City Business Centre (CBC) in Timisoara Sold to NEPI
- METLIFE TO ACQUIRE THE CZECH, HUNGARIAN AND ROMANIAN OPERATIONS OF AVIVA plc
- BNR: Silver coin dedicated to 10 years anniversary of introducing euro coins and bills
- Deloitte: Top Trends in Telecommunications in 2012
- PwC: Big spending predicted in 2012 for gold mining companies
- The value of tax payments by card almost doubled in the first 11 months of 2011, to RON 69.4 million
- Deloitte: Top media trends in 2012. Media consumption is equally split between tradition and latest technologies
Most Popular News
- Three billion euros to be invested in energy private-public partnerships
- Romanian state plans to keep 8 pct of Petrom, at least
- IMF mission extends stay in Romania till May 9
- IMF, FinMin Vladescu discuss Government revenues collection
- Videanu admits that he is in conflict of interests in connection to Marmosim
- Greece gets 110 billion euros, biggest bailout in history
- BNR governor Mugur Isarescu: Situation is quite complicated
- Romanian-German meeting on fresh cooperation opportunities
- Gov't to earmark 6.4pc of GDP for investment
- FinMin Vladescu: Cutting 25pc off public wages pool will not generate needed savings
