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2014-2019

AKTOR signs €180 million road project in Romania

AKTOR seeks to sign contracts for additional projects with a total budget of €1.3 billion in Romania - The company’s total construction backlog exceeds €1.8 billion

AKTOR proceeded with the signing of a contract for the construction of a €180 million road project in Romania, as leader of a consortium.

The contract was signed in Bucharest on Sunday, April 14th, between the CEO of AKTOR, Mr. Alexandros Exarchou and the Director General of the Romanian Company for Road Infrastructure Administration (CNAIR), Mr. Narcis Neaga, during a ceremony attended by Romanian Prime Minister, Mrs. Viorica Dancila and Romanian Transport Minister, Mr. Razvan Cuc.

The project covers the design and construction of the third section (Lot 3) of the Bucharest Ring Road, with a length of 18km. Under the terms of the contract, the design of the project is expected within twelve months, while its completion within an additional period of thirty months.

Following the signing of the contract, the CEO of AKTOR, Mr. Alexandros Exarchou, commented: "With this project we inaugurate a new era in AKTOR's long-term presence in the Balkans while further strengthening our presence in Romania, where we enjoy the steady confidence of contracting authorities in the implementation of important infrastructure projects. AKTOR possesses the expertise, the specialised workforce and the financial robustness to cope with the most demanding projects, maintaining its leading role in the construction and modernization of important infrastructure projects for the development of Southeast Europe".

The subsidiary of ELLAKTOR Group is currently executing four large road and railway projects in Romania. Two of them, the “Baia Mare – Sighetu Marmatiei” motorway and the “Micasasa-Coslariu” section of the “Brasov – Simeria” railway line are substantially completed, while the “Gurasada – Ilteu 2C” railway line and the “Sebes – Turda” motorway are under construction.

In its 17-year presence in Romania, AKTOR has successfully completed another nine important infrastructure projects, with the most recent one being the final section of the “Bucharest – Ploiesti” motorway (A3) which was inaugurated in December 2018.

Moreover, AKTOR seeks to sign contracts for another two projects with a total budget of €1.3 billion, namely the sub-sections “Brasov – Apata” and “Cata – Sighisoara” of the “Brasov – Sighisoara” railway line, as well as the sub-section “Apata – Cata” of the same line.

The total construction backlog of AKTOR currently exceeds €1.8 billion.

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