The Romanian government owes €100 million to the US-based engineering and construction company Bechtel, that completed a section of 42km stretch of Transilvania Motorway, according to the caretaker minister of transportation, Radu Berceanu.
“All we have to do is repay the accrued debt and put in a great deal of efforts to complete this. The accrued debt is around €100 million at this point, maybe even more. We inherited a large debt due last year, and a portion of this debt may be paid in January”, said the minister of transportation, adding that every invoice issued will be paid within a month since its issuing, thus the whole debt to Bechtel will be paid by January 2010.
He added that for 2010 Transilvania Motorway project calls for a budget near 2009 level, namely €400 million.
Berceanu said that unlike a plain-stretch motorway, that costs €6million/km, Transilvania Highway incurred costs of €11million/km, excluding costs related to compensations for the loss of property.
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