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Gide Advises on the First Motorway PPP in Romania

Romania
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Gide Loyrette Nouel has advised a consortium consisting of VINCI Concessions, STRABAG, and AKTOR on a 29-year public-private partnership contract covering the Comarnic–Brasov section of the Bucharest–Brasov motorway in Romania.

The project covers the financing, design, construction, operation and maintenance of a 54 km motorway section on the A3 motorway, which crosses the Carpathian Mountains and is the main artery linking Bucharest and Transylvania with Western Europe. The work will include the construction of three major interchanges, 39 bridges, and three dual-tube tunnels with a total length of 19.4 km.

The consortium advised by Gide had been named as the preferred bidder by the Romanian Ministry of Transport and Infrastructure. Gide reports that the deal constitutes the first motorway PPP in the country.
 
The Gide team acting on the project was headed by Partner Stephane Vernay, and included Associates Anne Framezelle, Frederic Pia, and Pierre Bernheim in France, and Partners Bruno Leroy and Andreea Toma and Associates Adina Damaschin, Cristina Togan, and Catalin Barb in Bucharest.

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Țuca Zbârcea & Asociații is a full-service independent law firm, employing cross-disciplinary teams of lawyers, insolvency practitioners, tax consultants, IP counsellors, economists and staff members. It also operates a secondary law office in Cluj-Napoca (Romania), and has a ‘best-friend’ agreement with a leading law firm in the Republic of Moldova. In addition, thanks to the firm’s dedicated Foreign Desks, the team provides the full range of services to international investors seeking to gain a foothold or expand their existing operations in Romania. Since 2019, the firm and its tax arm are collaborating with Andersen Global in Romania.

Țuca Zbârcea & Asociaţii is providing legal services in every aspect of business, covering all major areas of practice: corporate and M&A; litigation and international arbitration; corporate tax; public procurement; TMT; employment; insurance; banking and finance; capital markets; competition; healthcare and pharmaceutical; energy and natural resources; environmental; intellectual property; real estate; regulatory legal services.

Țuca Zbârcea & Asociaţii is a First-Tier law firm in all international legal directories and a multiple award-winning law firm both locally and internationally. It received the CEE Deal of the Year Award (DOTY Awards 2021) and the Law Firm of the Year Award: Romania (IFLR Europe Awards 2021). 

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