Monday, April 18, 2011

Romania Cancels Highway Contract After Companies Stop Work

Romania canceled a contract with four local companies for the construction of 43 kilometers of highway, the Transport Ministry’s road department said in an e- mailed statement today.

The ministry ended the contract with Spedition UMB SRL, Pa&Co International SRL, Euroconstruct Trading 98 SRL and Tehnostrade SRL, for building a highway between Bucharest and the southern city of Ploiesti, after the companies failed to carry out any work on the road for 16 months, according to the statement.

The ministry plans to revise the project and prepare a new tender for selecting a constructor in the next month.

To contact the reporter on this story: Andra Timu in Bucharest at atimu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez in Prague atjagomez@bloomberg.net

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