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Romania’s Cadastre Comes With a EUR 600m Price Tag

C&T Samsung and Satel Consultants are the two companies that have so far shown interest in signing a public-private partnership with the Romanian authorities for the implementation of the general cadastre, representatives of the Ministry for Regional Development and Tourism (MDRT) told BR. The government recently announced that it was looking for firms with the necessary financial resources to implement the project, estimated to cost between EUR 500 and 600 million. “We intend to find a company in the shortest time possible. We estimate that in optimal conditions, five to six years will be necessary to complete the general cadastre. But this is just an estimation,” ministry representatives told BR, adding that the deadline and the project’s feasibility will be subject to further analysis. Read More