Astaldi win EUR 100m Romanian Highway contract

expat network

Astaldi win EUR 100m Romanian Highway contract

ASTALDI, NEW ORDER IN ROMANIA Contract valued at about EUR 100 million

Astaldi announces it has acquired, in joint venture, a contract in Romania for the construction of the Brasov–Oradea motorway. The works to be performed are worth approximately EUR 100 million (Astaldi Group: 48.5% stake).

The contract refers to the design and construction of about 18 kilometres of motorway sections (Brasov–Targu Mures–Cluj–Oradea, Section 2A; Ogra–Campia Turzii, Lot 2; Iernut–Chetani, from Km 3+600 to Km 21+500), including 3 viaducts, 5 overpasses, 3 flyovers, and 1 motorway interchange. Works will begin in May, and have a duration of 16 months, of which 4 months for the design and 12 months for construction.

The Client is the National Company of Motorways and National Roads of Romania, and the works are 75% financed with European Funds with the remaining 25% financed by the State Budget.

Astaldi will carry out the works as leader of a joint venture established together with the company Max Bogl (48.5% stake), with which the Group has already built the Lia Manoliu National Stadium in Bucharest, completed in 2012, and the Romanian designer Consitrans (3%).

The Astaldi Group has been active in Romania for more than 20 years. It has already built more than 100 kilometres of railways and undergrounds, 250 kilometres of roads and motorways, 2 international airports (Henri Coanda in Bucharest, Avram Iancu in Cluj-Napoca) and, in Bucharest, in addition to the Lia Manoliu National Stadium, the dramatic Basarab viaduct. The Group is currently engaged in Bucharest in building new sections of the underground (Line 5 and Line 4), the Mihail Flamaropol Ice Arena, and the Piata Sudului road underpass, as well as the A1-Curiel expressway.

Source: www.astaldi.com

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.