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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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