Highway investments planned

Turkey-based constructions company Mimel Insaat, one of the two investors in the Radio House project, is planning to also invest in highway and housing construction, Coskun Erginer, manager of the Romanian representative office of the company told Ziarul Financiar. He did not specify the exact amount Mimel was planning to allot for the Romanian market, though. “We will invest a great deal of money in this country. Think of what’s coming if we begin with $130 million,” Erginer said. “Romania has a tremendous potential and will witness a strong development over the next five years,” he added. Mimel and UK’s Orb Estates were selected by the Ministry of Public Works, Transports and Housing to invest $130 million in order to turn the former Radio House into a multipurpose complex to include a mall, a five-star hotel, deluxe flats and a conference centre, as well as a hospital and a car park. “The works will begin as soon as we get all the necessary licences. We hope we’ll begin this summer, in order to finish the first stage of the construction in the fall of 2004,” Erginer said. ZF