A-Híd wins Chain Bridge tender

City

Photo by Simon_k / Shutterstock.com

Construction company Á-Híd has won the tender to renovate Budapest's landmark Chain Bridge with an offer of a net HUF 18.8 billion, the Budapest Public Transport Center (BKK) said yesterday, according to profitline.hu.

The renovation of the bridge will cost a total of HUF 26.75 bln, it added. In addition to the net fee, the gross fee includes the mandatory 10% reserve limit, the technical inspector's fee and other costs required by the regulations as well as the VAT.

BKK said the contract is expected to be signed at the end of January at the earliest. Accordingly, the renovation work is expected to begin at the end of February and to be completed by the fall of 2023, they added.

ADVERTISEMENT

Varga puts 2021 GDP growth at 7-7.5% Analysis

Varga puts 2021 GDP growth at 7-7.5%

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Karácsony proposes free public transport for under-14s City

Karácsony proposes free public transport for under-14s

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.