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Termination of contract for construction of A4 Motorway

2012-07-26

Further to Current Report No. 32/2010 of July 7th 2010, the Management Board of PBG S.A. in company voluntary arrangement (the Company) hereby reports that on July 24th 2012 the Consortium comprising:

Hydrobudowa Polska S.A. (in company voluntary arrangement) – Consortium Leader,
SIAC Construction Ltd. of Ireland – Consortium Partner,
PBG S.A. (in company voluntary arrangement) – Consortium Partner,
and APRIVIA S.A. – Consortium Partner
(the Contractor)

submitted to the State Treasury – General Director for National Roads and Motorways, represented by the General Directorate for National Roads and Motorways, Rzeszów Branch (the Principal), the original of the Notice of termination by the Contractor of Contract No. 2811/30/2010 of July 7th 2010 – “Construction of the Krzyż – Dębica Pustynia section of the A4 Tarnów – Rzeszów motorway, from km 502+796.97 to km 537+550”.

The notice was served in accordance with Clause 16.2.D of the Terms and Conditions of the Contract, reading: “The Principal substantially fails to meet its obligations under the Contract.”

For more information see Current Report No. 82/2012

                                                    

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