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Budimex in consortium with Strabag signs PLN 585 mln road construction deal, Equities News - EquitiesPoland.pl
Coverage of high-potential mid-market firms in Poland

Article

Budimex in consortium with Strabag signs PLN 585 mln road construction deal

TAG'S: BUDIMEX, Construction

 

Listed builder Budimex in consortium with Strabag signed a PLN 585 mln net contract for finishing the construction of an over 40 km stretch of the A4 highway between Rzeszow and Jaroslaw in the Podkarpackie region, Budimex said in a market filing.

Both Budimex, the consortium leader, and Strabag hold a 50% share in the consortium, Budimex said.

 

The builders will receive a 5-10% downpayment on the contract, the filing stated.

Construction is to be concluded within 14 months, excluding the winter period (Dec. 15 - Mar. 15), Budimex said. 

2014-09-17



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