The company ACG Construction & Projects SRL, wholly owned by AUR MP Laura Gherasim, is developing the “Hotel Coloana – Just Transition towards Sustainability” project in the municipality of Târgu Jiu, an investment totaling EUR 7.48 million. Categorized as strategically important for local economic diversification, the project benefits from non-reimbursable grants exceeding EUR 4.49 million through the Sustainable Development and Just Transition Program.
The sustainable hotel unit is located at 129 Tudor Vladimirescu Street, on a 1,625-square-meter plot in the vicinity of the Endless Column, being built as an extension of the completed Coloana Park residential complex. Out of the total project value, the eligible amount is EUR 5.95 million, with public financing covered by the Just Transition Fund (EUR 3.82 million) and the state budget (approximately EUR 673,000). Regarding the construction schedule, there are discrepancies between official documents: data from the European monitoring platform indicates the investment will run between March 1, 2025, and February 28, 2027, with an estimated progress of 77% by September 14, 2026, while the on-site construction board states an execution period from July 28, 2025, to July 16, 2027.
The project leader is the Bucharest-based company ACG Construction & Projects SRL, classified as a small enterprise and managed by Mihai Peticilă. According to investigations published by the local press, specifically Info Sud-Est, the company has won public contracts valued at tens of millions of euros, including the rehabilitation of the Marriage House in Constanța, awarded in January 2025 for EUR 1.76 million excluding VAT. Additionally, the newspaper Amprenta reported that the company posted a turnover of EUR 7.52 million and a profit of EUR 1.06 million for the 2023 financial year, while the wealth declaration filed in 2025 by the company’s owner confirms dividend receipts of nearly EUR 57,000.
Frequently Asked Questions
What is the total value and public funding for the hotel project in Târgu Jiu?
The total investment is EUR 7.48 million, supported by over EUR 4.49 million in non-reimbursable funding, including EUR 3.82 million from the Just Transition Fund and roughly EUR 673,000 from the Romanian state budget.
Who is developing Hotel Coloana?
The project is developed by Bucharest-based ACG Construction & Projects SRL, wholly owned by Romanian MP Laura Gherasim and managed by Mihai Peticilă.
Where is the hotel located and what is the expected completion timeline?
The hotel is located at 129 Tudor Vladimirescu Street near the Endless Column, with completion scheduled for the first half of 2027 according to official records.