Piata Sudului Tunnel not ready by June-end, loses EU funding

Newsroom 23/06/2016 | 18:15

The Piata Sudului Tunnel will not be completed by the end of June, the deadline previously announced by the municipality of Bucharest. As a result, the project will lose the EU funding it had secured.

Works on the Piata Sudului Tunnel, the most expensive EU-funded infrastructure project commissioned by the Bucharest municipality, started in 2014. However, works were delayed several times by issues related to the existence of underground networks that were not properly mapped. Last month, the municipality announced that the project was almost completed and that it was on schedule to meet the June 30 deadline. According to the latest estimates, however, 65 percent of works were completed, and not 80 percent, as previously reported by the Bucharest municipality.

According to Firea, in the event the municipality will have to return the amounts allocated by the European Commission, the developer will be liable for it. The EUR 127 million project is developed by an association between Astaldi and Euroconstruct. The Tunnel, connecting Calea Vacaresti to the Nitu Vasile Street will be 356 meters long.

The new deadline agreed by the Bucharest municipality and the developer for the completion of the Piata Sudului Passage is March 2017, Firea announced.

Georgeta Gheorghe

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