Ministry to pay Israeli investor for canceled D47 highway project
Published:
18 July 2003 y., Friday
Transport Minister Milan Simonovsky announced that the ministry would financially compensate Housing & Construction (H&C) for its participation in the D47 highway project by the end of July.
The government has been seeking a way to solve its dispute with the Israel-based company, which was awarded a contract for building the highway by the government of ex-Prime Minister Milos Zeman. The government canceled the contract in March.
So far, only a 2-kilometer (1.25-mile) stretch of the highway close to Ostrava, north Moravia, has been built. A subcontractor for H&C, ODS-Dopravni stavby, did that construction. The cost of that section is 140 million Kc ($5 million). That amount has not been paid, and ODS has halted its construction work.
A Transport Ministry proposal called for clearing that initial payment to ODS once the existing contract between the government and H&C is transferred to ODS. The government rejected the proposal at its meeting July 9.
After that first installment is paid, the government plans to sign a new contract for building the D47 with ODS. The construction would continue two weeks after transferring the existing contract with H&C.
Meanwhile, the government July 9 paid H&C 620 million Kc in compensation for its preliminary work on the highway. However, the government did not reach agreement on compensation for future tax liabilities connected to the payment. Talks on the issue are continuing.
Šaltinis:
praguepost.com
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
In its first meeting in 2010, the Gas Coordination Group, under the chairmanship of the Commission, has focused today on the assessment of the situation on security of gas supply in the EU-27 and countries of the Energy Community and discussed priorities for the work of the Group in 2010.
more »
Luc Van den Brande, President of the EU Committee of the Regions (CoR), has used his first meeting with the President of the European Council, Herman Van Rompuy, to underline the importance of consultation between local, regional and national authorities.
more »
Basile Nkwesi, Directeur Commercial of Multiprint, speaks for dozens of frustrated business managers in this busy enterprise center when he talks about Cameroon’s costly and unreliable electricity.
more »
During 2009, over 2400 new corporate clients, whose total number currently exceeds 16 thousand, began using Bank SNORAS services.
more »
In 2009, the European Investment Bank (EIB) provided EUR 2.5 billion in 16 credit lines for financing the investment projects of SMEs (EUR 1 955 million) and local authorities (545 million) in Spain.
more »
In 2009, the number of counterfeit euro coins removed from circulation was 172 100, down from 195 900 the year before.
more »
Haiti began participating in the International Monetary Fund’s General Data Dissemination System on December 28, 2009, marking a major step forward in the development of its statistical system.
more »
According to the data of NASDAQ OMX Vilnius Stock Exchange, the price of Bank SNORAS registered ordinary shares grew by more than 2.5 times.
more »
The European Commission has cleared under the EU Merger Regulation the proposed acquisition of Cadbury PLC of the UK by Kraft Foods Inc. of the US by way of public offer.
more »
Statistics Lithuania informs that construction input prices inNovember 2009, against October, dropped by 0.5 percent.
more »