The Austrian group Strabag has been awarded a two-year contract worth €34.6mn for the modernisation of a 48km stretch of the national road M2 in the Republic of Moldova. The upgrade route runs between Ghindesti and Drochia.
July 20, 2012
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The Austrian group 945 Strabag has been awarded a two-year contract worth €34.6mn for the modernisation of a 48km stretch of the national road M2 in the Republic of Moldova. The upgrade route runs between Ghindesti and Drochia.
Mexico's Secretarat of Communications of Transport (SCT) has awarded the contract to build the Cardel-Poza Rica motorway to Portuguese company Mota-Engil. The proposal made by the company, together with PRODI, of US$266.48 million (MXN 3.47 billion), was deemed the most feasible technically and financially. The offer was below the $307.53 million (MXN 4 billion) estimated for the project in the National Infrastructure Plan (PNI). The road will be located in Veracruz, spanning 129km between Laguna Verde and
Austrian construction group Strabag has maintained its Standard & Poor (S&P) investment grade rating of BBB – while also retaining its stable outlook. Explaining its decision, S&P cited Strabag’s well-diversified and vertically integrated business, its access to raw materials, and the group’s adequately high liquidity. However, S&P says Strabag is in a cyclical and intensely competitive market with high project risks and low margins. According to S&P, Strabag currently has sufficient room to manoeuvre regar
