|
Title: |
Bucharest-Cernavoda |
|
Objective: |
In the context of
the Romanian government’s policy of implementing a motorway
network programme on the most heavily traveled routes, the
partially existing motorway-standard road between Bucharest
and Constanta on the Pan-European Corridor IV is to be
upgraded |
|
Description: |
(i) Completion of construction of
a 2x2 lane motorway Bucharest-Lehlui, 54 km
(ii) Completion of construction of a 1x2 lane motorway
Lehliu-Fetesti, 79 km
(iii) Rehabilitation of an existing 2x2 lane motorway section
Fetesti-Cernavoda, 17 km |
|
Preparation Status/Timing: |
Consultants for
preparation of tender documents being appointed, tender launch
planned for June 2000, start of works on section
Fundulea-Lehiu planned for end 2000. |
|
Economic/Financial Justification: |
The expected AADT
on the new motorway is put at 12500 veh/day for 2010. The
economic rate of return is in the range of 8% to 12%,
depending on whether or not tolls are levied. |
|
Cost: |
EUR 340 M |
|
Financing Plan: |
European Investment Bank loan
(signed) EUR 210 M
European Commission to be determined
To be determined: EUR 60 M (Quick-Start), EUR 70 M
(Near-Term) |
|
Borrower/Final Beneficiary: |
Government of Romania/National
Administration of Roads |
|
Major Sector/Project Issues: |
Extension to a full motorway of
the semi-motorway sections has been an option under discussion
from the side of the Romanian authorities, but this should be
made conditional on further studies concerning updated traffic
projection for the year 2010 |
|
Contact Person: |
European Investment Bank
Luxembourg
National Administration of Roads
Danila Bucsa, Director
Bucharest, Romania
Tel 00401 01 22 32 606 |
