Polish project tangle unravels?

The Polish General Directorate of National Roads and Motorways (GDDKiA) is not allowing Chinese firm COVEC to continue construction of A2 highway.
February 28, 2012 Read time: 1 min
The Polish General Directorate of National Roads and Motorways (1361 GDDKiA) is not allowing Chinese firm 2487 COVEC to continue construction of A2 highway. The deal suggested by COVEC would have required additional financing. Instead GDDKiA is looking to choose a different contractor either through a tender or negotiations with chosen companies. Time is an issue though given the need to finish the project before the 2012 football event so the project may be awarded to one of the firms that previously competed in the tender process and ran closest to COVEC's then winning bid. The decision by GDDKiA will become binding shortly. In the meantime the Chinese company can re-launch the construction works under the current contract. Apart from the €178 million penalty being imposed, GDDKiA wants COVEC to pay an additional statutory fine.

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