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Romania’s Overdue Debts To Bechtel Might Be Paid Off In Two Weeks – Transport Minister

Romania might pay off overdue debts to U.S. constructor Bechtel in two weeks, for works carried out on the Transylvania Highway, but the county lacks funds to continue works on the two highway sectors in Cluj county, northwestern Romania, Transport Minister Radu Berceanu said Tuesday.
Romania's Overdue Debts To Bechtel Might Be Paid Off In Two Weeks – Transport Minister
11 mai 2010, 17:42, English

Berceanu said during a visit to Cluj that overdue debts to Bechtel must be paid off without delay to avoid penalties. The minister added no money is available to continue works on the Transylvania Highway.

According to Berceanu, the ministry’s priorities are projects that use non-reimbursable EU funds, then projects that use funds from foreign banks and projects financed exclusively by the state budget.

Bechtel director of communications Bogdan Sgarcitu told MEDIAFAX Tuesday Romania must pay Bechtel about EUR80 million.

Sgarcitu said works are currently carried out on the Turda – Campia Turzii sector, adding the constructor is waiting for money to start works on the Gilau – Nadasel sector.

Sgarcitu said recently that Bechtel wants to continue works on three other sectors of the Transylvania Highway, in Cluj and Bihor, provided the Romanian Government ensures the necessary funds.