Croatia's Viadukt to build EUR 54.2mn bulk cargo terminal in Ploce seaport.

By bne IntelliNews January 30, 2012
Croatian construction company Viadukt in a consortium with Spain's Cyes has won a contract to build a bulk cargo terminal in Croatia's southern Adriatic seaport of Ploce, news agency HINA reported, quoting the company as saying. The contract is worth HRK 406.5mn (EUR 54.2mn) without VAT, the report said. The investor is the Ploce port authority. The construction works should be completed within 26 months. The project will be financed by a loan, provided by the World Bank and the European Bank for Reconstruction and Development. The bulk cargo terminal will have capacity if 4.6 million tonnes. The project is part of a trade and transport integration project. Viadukt reported a net loss of HRK 57.4mn in the first half of 2011. The company's H1 consolidated revenue amounted to HRK 302.6mn, while the total expenses were HRK 360mn. Sales revenues reached to HRK 289.4mn. The company has said that it was facing difficult collection of claims and liquidity deterioration, which made it hard to settle liabilities to vendors.
Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Croatian govt to acquire four companies part of 3.Maj shipyard.

The Croatian government decided on Thursday, March 21, to take over the ownership of all four companies part of local shipyard 3.Maj after which the privatisation of the parent company will be ... more

Croatias Dukat to make takeover bid for Slovenias Ljubljanske Mlekarne.

Croatian dairy producer Dukat said it intends to place a takeover bid for the 49.7% stake it does not yet own in Slovenian peer Ljubljanske Mlekarne. Dukats current stake of 50.3% in the ... more

Croatia's construction output down 2.1% y/y in Jan 2013.

Croatia's construction output fell 2.1% on the year in January 2013 after dropping an annual 19.9% a month earlier, the statistics office said, quoting unadjusted data. Working-day adjusted data, ... more

Follow Us On

Most Read

  1. Ukraine's birth rate plummets to 300-year low as country’s population collapses
    9 days ago
  2. EU finally boosts defence investment into arms production as Ukraine runs out of ammo
    1 month ago
  3. Don't mention the "D" word - Ukraine
    6 days ago
  4. The 'wet-bulb' set to kill hundreds of thousands of people if temperatures and humidity levels continue to rise
    3 days ago
  5. Europe unlikely to tackle Russian LNG imports anytime soon
    3 days ago
  1. Russia could pay off its entire external debt tomorrow, in cash
    27 days ago
  2. Speculation swirls of “Men in Blue” in Crocus City Hall terrorist attack linked to FSB
    1 month ago
  3. Albanians campaign on social media to keep bus bridge created in freak accident
    1 year ago
  4. BRICS announce a blockchain-based payment system to create a common currency
    29 days ago
  5. Saudi Arabia to scale back plans for Neom city
    16 days ago

Reports

Dismiss