Bucharest metro company Metrorex recently announced the tender for the construction of the sixth metro line in the city, connecting the existing network to the Henri Coanda airport. The estimated value of this contract is of some EUR 1 billion and the new metro line should be ready in 2017 – 2018. The tender will start on September 3 this year. Local authorities previously hired a consortium made of Padeco (Japan)/Oriental Consultants (Japan)/Metroul SA Romania/Seneca Group International/Systra (France) to offer consultancy on the project. Financing will be covered jointly from the state [...]

The Bulgarian government plans to build a highway that will connect the border between Romania and Bulgaria- from Ruse to Turkey as a public – private partnership project, according to the Bulgarian Minister of Regional Development Liliana Pavlova. She said that the investment required for the 300-kilometer highway will be between EUR 500 million and 1 billion, according to international media. The Regional Development Minister estimated that the preparation of the paperwork could take as long as a year, adding another six months for the tender process and around 2 years for the construction, [...]

Romanian construction works fell 8.8% on the month in March, due to reduced activity in most sectors, the statistics institute INS said Wednesday. source: Ziarul Financiar

The penalties of 0.05% a day have not had any effect on the three out of four construction companies which have not completed works on A3 Bucharest-Ploiesti highway, with one single section being ready to open for traffic. source: Ziarul Financiar

Increasing foreign interest in Romania’s agricultural lands recently got international media attention with French newspaper Le Monde publishing a piece about foreign buyers of Romanian agricultural land. The high prices for the agricultural land and the bureaucracy in Western Europe are cited among the reasons foreigners choose to buy land in Romania. Maxime Laurent, a French Agriculture graduate decided to try his luck in agriculture in Romania, according to Le Monde. He bought some land in Macesu de Sus, in Dolj county, 10 kilometers away from the Danube. His parents didn’t manage [...]

Romanian hotel operator Compania Hoteliera Intercontinental Bucuresti (RCHI.RO), which manages the Intercontinental hotel in Bucharest, posted profit of almost 1.2 million lei (EUR274,000) last year, after ten straight years of losses. source: Ziarul Financiar

Bucharest-based Little London school is starting this June the expansion works on its campus with a EUR 3 million investment coming from Florin Segarceanu, the main investor in the Little London project. Starting with September 2013 the new campus, built on a 4,300 sqm land, will encompass a 900 sqm surface building for the primary school with nine classrooms, a 3,000 sqm surface building for the secondary school with 21 classrooms, two 560 sqm outdoor sport courts (one of which will be covered), inside sport facilities, laboratories, music and arts spaces, a media center, a library, an IT lab, [...]

The Pipera flyover in the North of the Romanian capital Bucharest was opened on Monday (April 30 ), in time for the higher expected traffic after the official holiday May 1 and just before the local elections, and one year and a half after construction work started. The flyover, which was initially supposed to be finalized last year, has a length of 500 meters and including the wider Pipera Street, is 1.5 kilometres long. The Municipality invested some EUR 33 million in the flyover and expects 48,000 cars to pass on it every day, exiting Soseaua Pipera and going back to the city, freeing the Barbu [...]