State might pay Bechtel debts in two weeks, has no money to continue works

Newsroom 17/05/2010 | 14:42

The state’s debts to US company Bechtel for works on the Transylvania highway could be paid within two weeks but there is no financing to continue the investment for the two segments in Cluj county, said transport minister Radu Berceanu, quoted by Mediafax newswirwe. He added he doesn’t want to delay paying the debt in order to avoid incurring extra penalties.

According to him, the ministry’s priorities are projects with non-refundable EU money, followed by works where there is funding from foreign banks. In third place come works with money exclusively from the state budget, as is the case with the Transylvania highway. Berceanu has suggested Bechtel take out a loan to finance the work on the Turda-Campia Turzii and Gliau-Nadasel segments of the road.Bechtel’s communication director Bogdan Sgarcitu said that state owed around EUR 80 million to Bechtel from 2009 and 2010. “It is very good that debts are being paid. We are waiting to have our debts paid as soon as possible and to have other financing sources found so that works can continue,” said Sgarcitu. He added that works on the Transylvania highway are currently being carried out on the Turda-Campia Turzii segment and that money is required to start on the Gilau-Nadasel section.


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