Poland bidders angry over Astaldi win for Warsaw Ring Road work

Four groups that made bids for building the southern section of the Warsaw Ring Road have filed complaints about how the national road authority GDDKiA chose Astaldi as the winner. Companies appealing to the National Board of Appeal (KIO) are Impresa Pizzarotti, Porr Polska, Salini Polska and IDS-BUD. The offer made by Italian company Astaldi was at least 25% less than the estimated €391 million cost of the project, according to Polish media reports. World Highways reported in February that Astaldi
June 18, 2015 Read time: 2 mins
Four groups that made bids for building the southern section of the Warsaw Ring Road have filed complaints about how the national road authority 1361 GDDKiA chose 1324 Astaldi as the winner.

Companies appealing to the National Board of Appeal (KIO) are Impresa Pizzarotti, 3976 Porr Polska, Salini Polska and IDS-BUD.

The offer made by Italian company Astaldi was at least 25% less than the estimated €391 million cost of the project, according to Polish media reports.

World Highways reported in February that Astaldi’s €290 million bid was the lowest offer for the project. The work calls for a 4.6km section of the route to be constructed, including what will be Poland’s longest road tunnel once complete.

The dispute comes just as an engineering and construction group led by Astaldi signed the largest construction financing package in Turkey’s history – US$5 billion - to refinance existing loans and provide new funding for a $6.4 billion toll road.

Astaldi and its Turkish partners 3338 Nurol Insaat, 3340 Makyol Insaat and Ozaltin Insaat agreed to the loan from nine lenders, including 3321 Deutsche Bank for the 400km road and suspension bridge across the Sea of Marmara. Financial news agency Bloomberg said the loan is the largest for a project in Turkey.

Astaldi said in a written statement that the new financial package will allow completion of the final portion of the 301km route linking the city of Bursa to the Aegean port of İzmir (Phase 2B) and to refinance the sections under construction for the Gebze-Orhangazi-Bursa link (Phase 1 and Phase 2A).
Finance & Funding

For more information on companies in this article

Related Content

  • Contract for Romanian highway construction signed
    May 10, 2012
    In Romania the road authorities have signed a deal for the construction of a 22km stretch of highway in a contract worth €91 million. The Portuguese contractor Monte Adriano will construct the section linking Nadlac with Pecica. Romania has pledged to improve and expand its highway network with the construction of new links, and much of the funding for its highway plans has been provided by the European Bank for Reconstruction and Development and the European Investment Bank (EIB).
    Read More
  • Saudi Arabian capital Riyadh benefiting from major transport investment
    September 9, 2013
    Saudi Arabia is undergoing a series of upgrades to its transport network in a bid to improve Traffic flow rates and boost safety - Mike Woof reports. The massive growth in the use of motor transport worldwide since the start of the 20th century has transformed every country on the planet. But perhaps no country has changed more dramatically than Saudi Arabia, the world’s leading oil producer. At the start of the 20th century Saudi Arabia’s population was small and the country had few industries while it is
    Read More
  • Increased infrastructure spending
    February 22, 2012
    With economies booming in the BRIC countries and other regions, spending on infrastructure is at a high - Patrick Smith reports As economic crisis grips much of the world, many countries are still spending billions on infrastructure to improve transportation. While the USA and Europe struggle with debt problems (and this has affected much of the rest of the world) the development of highways, airport, ports and other infrastructure is gathering pace in other regions to boost economic developments.
    Read More
  • Bucharest win for Aktor-Eurocontsruct
    October 27, 2021
    Lot 3 of the Bucharest south ring road is worth around €173.76 million.
    Read More

Highlighted Content