Romanian Company wins $67m Road Contract in Iraq

The Romanian company Delta ACM won a contract in Iraq for a 20.6 km long section of Erbil-Koya highway. The value of the contract is $66.7 million, says Florea Diaconu, the owner and president of Delta.

“The works will be in the Iraqi Kurdistan area", he said. Ten other companies competed for the tender and included another Romanian company, 8 Turkish firms and a Turkish-Iranian company.

Works carried out by Delta will begin on 4 April and will last 2 years. According to Florea Diaconu, the highway will be 58.3 km long. Delta ACM had revenues of 91 million euro in 2010, 18 million euro more than in 2009.

“For this year we estimate revenues of 115 million euro. The increase is mainly due to works carried out abroad,” Diaconu said. The company, set up in 1993 specialises in building and repairing roads, especially in Bucharest, and the modernization of county and national roads.

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