Sedesa and Euro Construct International win National Theatre contract

Spanish company Sedesa, which is currently working on restoring Bucharest’s old town and Euro Construct International, the company held by Florian Codin and Elisabeta Manea, have been awarded the contract for the restoration of the Bucharest National Theatre (TNB), one of the biggest construction tenders of this year, market sources say. The National Theatre restoration project is paid for by the Government and by the Council of Europe Development Bank, following an agreement signed in 2007.

The value of the contract had been initially put at some 51 million euros, VAT not included, but after the electronic tender held on the 11th of May, the value fell to almost 40 million euros, the quoted sources said. Contracted by Ziarul Financiar for comment, the representatives of the Culture Ministry said they would announce the winner over the next few days, once the tender process checks had been completed.

There were 10 bids submitted in February, with only three of them selected by the Culture Ministry for the final tender – Aedificia Carpati (owned by Petre Badea) -Romtest Electronic, Sedesa Obras y Servicios – Euro Construct International and Dafora (controlled by Gheorghe Calburean) – UTI Instal (controlled by Tiberiu Urdareanu) consortia.