Greece’s Athens-listed Aktor Group, a subsidiary of the Intrakat Group, has announced plans to further expand its footprint in Romania’s infrastructure sector. According to company officials, Aktor intends to submit bids for several upcoming railway and road projects with a combined value of €3.7 billion, as part of a broader strategic push into the region.
The largest share of these planned bids includes two major railway network projects in the wider Brașov area, valued at €1.8 billion and €1 billion respectively. Aktor already operates in this region and has deployed tunnel boring machines (TBMs) to support its existing work. In addition, a new road project with an estimated budget of €900 million is also expected to draw the group’s attention.
Aktor has maintained a strong presence in Romania for more than twenty years, with its local subsidiary employing over 700 people. In 2024, the company reported a turnover of €238 million, while its active backlog of projects currently totals €880 million—figures that reflect both its experience and continued investment in the country.
One of Aktor’s most recent achievements is the completion of Section 3 of Bucharest’s A0 Sud Ring Road. This €305 million project delivered 18 kilometers of new motorway, designed for travel speeds of up to 140 kilometers per hour. The newly built section includes four major bridges, six overpasses, and 46 technical structures, along with 260,000 tons of asphalt, 620 LED lighting units, and state-of-the-art Intelligent Transport Systems. The project is expected to significantly reduce traffic congestion in the Romanian capital, cutting travel time between highways A1 and A2 and enabling tens of thousands of vehicles to bypass Bucharest daily. In addition to easing commuter strain, the road is anticipated to generate environmental and logistical benefits for the region.
Elsewhere in Romania, Aktor is currently involved in several flagship railway projects. One of the most prominent is the €507 million modernization of the Brașov–Simeria railway line, specifically the Apata–Cata section. The project features two twin tunnels measuring 6.9 and 5.1 kilometers, and it is notable for deploying four TBMs simultaneously—an engineering feat that marks a first for Romania and is rare across Europe. As of April 2025, the project was 38% complete.
The company is also advancing work on the Brașov–Sighișoara railway section, an 84.4-kilometer project with a total value of €272 million, currently at 30% completion. The Brașov – Sighișoara section is a crucial part of the Rhine-Danube railway axis, strategically significant for the European Union, which is co-financing the project. Upon completion of the modernization and upgrade, trains will reach speeds of up to 160 km/h.
Another active project is the Ilteu–Gurasada segment on the Border–Curtici–Simeria line, valued at €159.5 million, which includes new tunnels and bridges. Aktor also holds long-term framework agreements for maintaining the Bucharest–Constanța railway line, with those agreements valued at €186 million.
Financially, 2024 was a milestone year for Aktor. The group recorded a turnover of €1.3 billion, more than tripling its FY 2023 figures—a 205% increase. Adjusted EBITDA surged nearly sixfold to €89 million, while gross profit climbed to €124 million. These results were driven by disciplined cost control, the strategic targeting of high-margin projects, and a strong pipeline of ongoing work. As of year-end, the group held cash reserves of €149 million, maintained a low net debt of €102 million, and reported equity of €173 million, reflecting a solid financial position and readiness for further investment.
Looking ahead, Aktor aims to achieve €1.4 billion in turnover and €184 million in EBITDA in FY 2025, with its workforce projected to exceed 7,000 employees across Greece and international markets. The group’s backlog now stands at €4.8 billion, encompassing around 400 projects, including major works in Romania, the Fujairah oil terminal, the Doha Metro and Tram systems, the Kalamata–Methoni motorway PPP, the Northern Road Axis of Crete, and the Riviera Tower.
Aktor also plans a corporate transformation in 2025, with four planned spin-offs of business segments to improve vertical integration and generate internal synergies. This marks a new chapter of strategic evolution for one of Greece’s largest and most ambitious infrastructure players.
Aktor at a Glance
Year founded: 1987 Parent Company: Intrakat Group Headquarters: Athens, Greece Employees: (2025): Approx. 7,000 Revenue: (2024): €1.3 billion Key sectors: Transport, Energy, Construction, Infrastructure Stock Listing: Athens Stock Exchange Key Markets: Greece, Romania, UAE, Qatar, Cyprus, SEE region
