Warsaw Praises Metrostav Construction Workers
- 24. 09. 2015
- Press Release
By delivering a modernized section of the S8 thoroughfare and the General Stefan Grot-Rowecki Bridge over the Visla River in Warsaw to the project investor, Czech construction workers have completed a challenging project worth approximately five billion crowns that has lasted 26 months. The opening of the facilities for full operation, which took place yesterday at 8:00 p.m., has been welcomed by both drivers and inhabitants of the central area of the Polish capital city.
Because the project was one of several ventures Metrostav has carried out in Poland, including the construction of a bridge in Chelmek and flood-protection installations on the Eastern Neisse River, a decision has been made to establish a local subsidiary. The recently founded Metrostav Polska Spolka Akcyjna is now busy looking for business opportunities and has, for instance, made a bid for a contract to build a new section of the Warsaw subway. Metrostav has also offered the best price for the modernization of a the S7 Highway between Gdansk and Elblag, which is currently the largest infrastructure project in Poland worth 1.65 billion Polish zloty (approximately 10 billion Czech crowns); the contract is scheduled to be signed in the upcoming weeks. Another promising effort is a bid submitted under a tender for a transport infrastructure construction project worth approximately one billion crowns in the Polish capital.
The increase in Metrostav's focus on business opportunities abroad comes in the wake of a continuing lack of activity on the Czech construction market. Apart from trade agencies, Metrostav uses subsidiaries established in a number of countries, such as Metrostav Slovakia a.s., Metrostav Deutschland GmbH, and the Austria-based BeMo Tunneling GmbH, which has been a member of the Metrostav Group since 2013. The latest addition to the family of companies of the largest construction company in the Czech Republic is a joint venture in Turkey.
The full name of this joint venture is METROSTAV ANKARA İNŞAAT TAAHHÜT SANAYİ VE TİCARET ANONİM ŞİRKETİ. The other partner is Ankara Insaat, a Turkish firm that has been conducting business for about 30 years, mainly in the road and highway construction segment. Ankara Insaat has teamed up with Metrostav to seek contracts with private investors allowing it to put into use quarries, asphalt plants, finishers, rollers, and other transport infrastructure construction equipment. One year after its establishment, the firm will become eligible to take part in public tenders in Turkey.
The Metrostav Group currently operates in Austria, Belarus, Finland, Germany, Hungary, Iceland, Norway, Poland, Turkey, Slovakia, and Sweden. Contracts abroad accounted for 30% of the Metrostav Group's total revenues in 2014.