| Croatian construction company Viadukt has signed a HRK 45.3mn (EUR 6mn) deal with state-owned water utility Hrvatske Vode to build a sewerage system collector in the Adriatic city of Pula, the company said in a filing with the Zagreb burse. The company will implement the project in cooperation with local firms GP Krk and GK Grupa Varazdin. The project has to be completed within the following 17 months. Viadukt has informed earlier that it will participate in the project for the expansion of the Zagreb airport. Earlier this year, Croatia's government awarded a 30-year concession on the Zagreb airport to French consortium Zagreb Airport International Company (ZAIC), which includes Aeroports de Paris and industrial group Bouygues in cooperation with local partners. Viaduct will join ZAIC in the implementation of the project, which includes the construction of a new terminal at the airport. Viaduct said that the concession contract totals EUR 324mn, out of which EUR 236mn will be used for the design and construction of the new terminal and EUR 88mn will be used for maintenance of the airport infrastructure in the next 30 years. The construction works has to be completed in three years. Viadukts net profit dropped 20% to HRK 1.8mn (EUR 0.2mn) in 2011. The company's revenue rose by 13.9% to HRK 846.9mn last year on stronger sales, which increased by 25.6% to HRK 810.7mn. The total expenses stepped up by 14% to HRK 844.1mn. In January, Viadukt in a consortium with Spain's Cyes won a HRK 406.5mn contract to build a bulk cargo terminal in Croatia's southern Adriatic seaport of Ploce. The investor is the Ploce port authority. The construction works should be completed within 26 months. The bulk cargo terminal will have capacity if 4.6 million tonnes. |
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
Most Read
-
Putin to skip Rio BRICS summit over ICC warrant as Xi signals no-show
15 days ago
-
Turkey yet to prove rare earth deposit has suggested “giant” potential despite reported processing talks with China
10 months ago
-
Uproar in Mongolia as development bank reveals scale of risky loans and NPLs
3 years ago