National Motorway disqualifies four bidders

Initiatives

A review board has backed a decision by National Motorway Rt (NA) to disqualify four of six bidders in a tender to build a section of the M7 motorway.

The board even disqualified a fifth bidder, leaving only the originally announced winner of the tender, a consortium of Austrian and Hungarian companies including Porr, Viadom, Terrag and Asdag, business daily Világgazdaság reported on Thursday.
The winning consortium bid Ft 43.7 billion to build the 36.5-kilometer stretch between Balatonkeresztúr and Nagykanizsa in west Hungary, well under the guideline price of Ft 70 billion. The official result of the tender is expected to be announced on September 7, and the contract is to be signed 8 days later. The stretch is due to open in May 2008.
Minister of Economy and Transport János Kóka requested NA to hire independent experts review the bids and its decision on the tender early in August. Kóka noted that some suspect participants bid unrealistically low in the tender in order to win more contracts later on.

ADVERTISEMENT

17% of homeowners plan renovations this year Analysis

17% of homeowners plan renovations this year

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

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.