Lacking consistent public investments the road infrastructure, a sector which should support the entire economy, dropped by 27.7% in the first five months of this year, Ziarul Financiar writes, reporting the data of the National Statistics Institute (INS).
The steep decline registered by the construction
works was generated by lower investments in public projects. Thus, investments
reached 7.5 billion lei (1.7 billion euro) in the first five months, a 26%
decline on the same period of last year, according to the information displayed
on the Finance Ministry website. Investments accounted for 1.1% of the GDP
between January and May.
“The
elections have not influenced the road infrastructure sector positively and
this is due to the fact that we have not reached political stability yet.
During the elections a great amount of construction investment funds are
redirected, through budget amendments towards public sectors which could bring
votes, such as pensions, to influence the electorate.”, said Alexandros Ignatiadis, co-founder and shareholder of OCTAGONCONTRACTING & ENGINEERING, in an interview broadcast by ZF Live.
Despite the sector decline, OCTAGON contracted works on three
infrastructure projects this year.
 |
| Piata Presei Libere 1 |
The
newest infrastructure project of the company is “The underground passage from
Piata Presei Libere” (Bucharest). The company is performing here geotechnical
works: diaphragm walls D 9,950 sqm, thickness 80 cm.
 |
| Piata Presei Libere 2 |
The company is also working on the
rehabilitation of the railway Brasov- Simeria, section 2 Coslariu- Sighisoara,
sector Micasasa- Coslariu, the works consisting
in the execution of bored piles D 1,000,anchorages, stone columns and sheet
pile installation, a project within which Aktor is general contractor.
OCTAGON is also executing bored piles for
sections A, D and E, sector 2- Lugoj- Deva Highway, for the contractor Salini
Impregilo.
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