Stecol ousted from Polish contract in favor of Intercor

Chinese contractor Stecol has been deselected as winner of a €204 million deal to build a Polish highway in favour of Polish firm Intercor. Poland’s National Chamber of Appeal announced its decision concerning construction of a road from Rdzawka to Nowy Targ, according to the Polish financial newspaper Puls Biznesu. Work on the project is due to start in 2020 with completion in 2023. Stecol was founded in 1962 as Sinohydro Tianjin Engineering Transportation works to build mostly hydro dams. It now works
September 7, 2018 Read time: 2 mins

Chinese contractor Stecol has been deselected as winner of a €204 million deal to build a Polish highway in favour of Polish firm Intercor.

Poland’s National Chamber of Appeal announced its decision concerning construction of a road from Rdzawka to Nowy Targ, according to the Polish financial newspaper Puls Biznesu.

Work on the project is due to start in 2020 with completion in 2023.

Stecol was founded in 1962 as Sinohydro Tianjin Engineering Transportation works to build mostly hydro dams. It now works globally as a general infrastructure contractor and employs more than 6,000 people.

The company’s transportation projects in China include the Binhai Avenue development in Tianjin, where it is headquartered, the Wushao Expressway in Fujian province, Liangzhong Expressway in Chongqing city and the Wanping Expressway in Henan province.

Steclo also has major projects throughout Kenya, with more than 1,000km of roads of various grades to its name.

Finance & Funding

Related Content

  • Metso develops market share development strategies for China
    November 27, 2012
    Metso announced two initiatives aimed at increasing its share of the fast-growing Chinese crusher market: A joint venture with LiuGong Group, and the acquisition of 75% of Shaorui Heavy Industries. Metso and LiuGong will form a 50%-50% joint venture aimed at developing the track-mounted crushing and screening business in China. The joint venture will combine Metso's know-how in track-mounted crushing and screening business and technology with LiuGong's distribution resources and manufacturing capabilities i
    Read More
  • Metso develops market share development strategies for China
    January 6, 2017
    Metso announced two initiatives aimed at increasing its share of the fast-growing Chinese crusher market: A joint venture with LiuGong Group, and the acquisition of 75% of Shaorui Heavy Industries. Metso and LiuGong will form a 50%-50% joint venture aimed at developing the track-mounted crushing and screening business in China. The joint venture will combine Metso's know-how in track-mounted crushing and screening business and technology with LiuGong's distribution resources and manufacturing capabilities i
    Read More
  • Funding issues – delays to Kenya’s major highway project?
    April 17, 2018
    Concerns over financing are delaying progress on Kenya’s massive highway connection project. The new highway between the capital Nairobi and the country’s premier port of Mombasa is expected to cost in the region of US$3.5 billion. Construction is being managed by the US contractor Bechtel, which is sourcing suitable funding from private firms and has considerable experience of building highways in developing nations. But the sheer scale of this project, one of the country’s largest since its independence,
    Read More
  • Golden route to success
    July 20, 2012
    Built in 1937 and still the ninth longest suspension bridge in the world, the Golden Gate Bridge across San Francisco Bay remains in fine shape despite its age - Andrew Bardin Williams writes The Golden Gate Bridge turned 75 years old on May 27 and continues to play a key role in the transportation, engineering, construction and ITS communities. The structure has played an important historical role, an engineering success that boosted the economy of the region. And it also led the way as the first major pub
    Read More

Highlighted Content