Budimex.pl

Current report no 54 / 2019

Date: August 6, 2019 2:54 PM

Design and construction of A-1 Motorway: Tuszyn (without junction) – border of Łódź and Silesia provinces from km 335+937.65 to km 399+742.51. Section A – signing Annex 5 to the Contract

In relation to the report No 54/2018 dated 30 July 2018, the Management Board of Budimex S.A. announces that it was informed about signing of the Annex 5 to the Contract with the Łódź Branch of the General Directorate for National Roads and Motorways for the “Design and construction of A1 Motorway: Tuszyn (without junction) – border of Łódź and Silesia provinces from km 335+937.65 to km 399+742.51. Section A – Tuszyn junction (without junction) – Bełchatów junction (including junction) from km 335+937.65 to km 351+800.00.” implemented by the consortium of Budimex S.A. (consortium leader with 99% of shares) and Strabag sp. z o.o. (consortium partner with 1% of shares).

 

Value of Annex 5: PLN 41,963,100.43 net.

 

Total value of concluded Annexes 1, 2, 3 and 5: PLN 116,419,702.09 net.

 

Value of the aforementioned contract including Annexes: PLN 505,748,112.55 net.

 

Works commencement date: date of concluding the Annex 5 by and between the Ordering Party and the Contractor.

 

Works completion date for the works covered by the Annex: the works covered by Annex 5 shall be completed within the original completion date subject to obtaining the decision on the permission for performing a road project for the scope of works covered by the Annex in question until 12 October 2019.

 

Guarantee period for main works, statutory warranty period as well as financial terms and conditions of the original Contract remain unchanged.

 

The total value of the performance bonds is 10% of the Accepted Gross Contract Amount (excluding Annex 3, for which a performance bond is not required), of which 100% of the performance bond for the Contract and Annexes 1 and 2 was brought by Budimex S.A., whereas Strabag sp. z o.o. withdrawn 5% of the performance bond brought for securing the Contract. The performance bond required for Annex 5 shall be brought within the contractual time limit until 22 August 2019.

 

Other terms and conditions of the contract do not differ from the market standards.

 

Value of the executed annexes exceeds 20% of the value of the aforementioned contract.

 

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Shareholdership structure as on 17.05.2019

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