COMPANIA NAȚIONALĂ DE ADMINISTRARE A INFRASTRUCTURII RUTIERE S.A., in partnership with Sibiu County as the funding beneficiary, and the MINISTRY OF TRANSPORT AND INFRASTRUCTURE, acting as the INTERMEDIATE BODY for TRANSPORT, have agreed upon the conclusion of Financing Contract No. 260/06.10.2023 for the project "Feasibility Study for the investment objective South Bypass Sibiu, for the purpose of granting non-reimbursable financing allocated through the Large Infrastructure Operational Program 2014-2020, within Priority Axis - Improving mobility through the development of the TEN-T network and the metro, OS 1.1 Call for projects for the DEVELOPMENT OF ROAD INFRASTRUCTURE - support for investment project preparation, Operation - Increasing mobility on the central TEN-T road network.

The general objective of the project: Considering that transportation is the engine of the economy at both national and European levels, the goal is to support sustainable economic development by ensuring adequate infrastructure.

Thus, it aims to improve Romania's economic competitiveness by developing transport infrastructure that facilitates economic integration into the EU, thereby contributing to the development of the domestic market with the aim of creating conditions for increased investment, promoting sustainable transport, and enhancing cohesion within the European road network.

The specific objective of the project is the development of the Feasibility Study.

The total value of the project is 4,258,266.40 lei and will be funded through the Large Infrastructure Operational Program 2014-2020 as follows: 85% contribution from the European Union from the Cohesion Fund - 3,047,726.00 lei, 15% own contribution - 537,834.00 lei, the difference up to the total project value representing ineligible expenses, including VAT.

The project's duration is 30 months, from July 21, 2021, to December 31, 2023, with the addition, if applicable, of the project activities carried out before the signing of the Financing Contract, in accordance with eligibility rules for expenses.