Terna wins Greek highway prize

Greek general construction companies Terna and AEGEK Kataskevastiki have signed a deal to develop part of the Egnatia Odos highway.The budget for the works is reported to be US$ 113.90million, plus VAT of $26,111,500. The second part of the two-part highway development project is budgeted at $23,046,800, plus VAT of $5,300,750
May 9, 2012 Read time: 1 min
Greek general construction companies 5467 Terna and 5468 AEGEK Kataskevastiki have signed a deal to develop part of the Egnatia Odos highway.

The budget for the works is reported to be US$ 113.90million, plus VAT of $26,111,500. The second part of the two-part highway development project is budgeted at $23,046,800, plus VAT of $5,300,750.

For more information on companies in this article

Related Content

  • Paraguay’s major transport plans for road development
    May 26, 2016
    Paraguay is setting out plans for a series of major road development works, with this programme being planned by the country’s Ministry of Works. The Paraguayan Government says it will spend some US$1 billion on road projects in the area around Chaco, with those of highest priority being built within the next two years. The most important of the projects is the bi-oceanic corridor, which is expected to cost some $700 million to construct. The work on the bi-oceanic corridor is receiving financial support fr
    Read More
  • Chinese firm branching out
    March 22, 2012
    A Chinese construction firm has managed to win a series of key highway contracts in China as well as overseas. The China Railways Group has contracts worth a total of US$1.58 billion in total for infrastructure projects.
    Read More
  • Caterpillar’s latest results show some positive signals
    April 22, 2016
    Caterpillar has released its first quarter results for 2016, which show some positive results although market conditions remain tough. The firm’s first-quarter 2016 sales and revenues hit US$9.5 billion, down from $12.7 billion in the first quarter of 2015. First-quarter 2016 profit/share of $0.46 was down from a profit of $2.03/share in the first quarter of 2015. Excluding restructuring costs, profit/share was $0.67, compared with $2.07/share in the first quarter of 2015.
    Read More
  • Egis buys Projacs to boost its Middle East presence
    August 5, 2015
    French engineering group Egis has acquired 51% of Projacs, a major project and construction management firm in the Middle East. Egis, based in Guyancourt, north of Paris, made the purchase for an undisclosed sum. The move follows the purchase in Brazil of highways contractor Lenc at the end of last year. Projacs, founded in 1984, is based in the Gulf Cooperation Council countries of Saudi Arabia, Bahrain, Oman, Qatar, United Arab Emirates and Kuwait, but also operates in neighbouring countries. It
    Read More

Highlighted Content