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

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