Independent lawyers: Vinci Aktor should have been fined 10m euros for terminating contract
Lawyers working for foreign law firms with offices in Romania,
involved in public-private partnerships (PPP) across the world say
Vinci-Aktor companies should have been penalised by the state
because they unilaterally terminated the contract to build the
Comarnic-Brasov motorway (55 km), at least in order to be able to
cover costs incurred by organising the tender and in order to
resume proceedings.
The contract to build Comarnic-Brasov motorway under concession was
unilaterally terminated in April by French-Greek consortium
Vinci-Aktor three months after the contract was signed, without
paying any penalties to the Romanian state. The tender for building
the motorway started back in 2007, with 12 consortiums from all
over the world taking part. Vinci Aktor was announced as the winner
in May 2009.
"Penalties need to cover the cost of the failed auction and the
cost of relaunching it. It should typically range between 5 and 10
million euros. At the end of the day, any government wants to
protect taxpayers from a failed tender," says Markus Piuk, partner
with Austrian law firm Schoenherr si Asociatii, which has been
involved in several PPP partnerships in Central and Eastern
Europe.