Budimex teams up with Spanish to bid for A-4 highway

Budimex S.A. together with Spanish companies Ferrovial Agroman and Cintra Concesiones de Infraestructuras de Transporte created a partnership called Eurostrada. It's goal is to obtain a license to construct and operate the A-4 highway. The Polish company owns a 37.5% stake in the new firm, Ferrovial Agroman has 12.5% of shares and Cintra 50%. Eurostrada has a share capital of zl. 50 million, which is equal to the minimum amount needed to apply for a license. The main activity of the company will be building, repairing, maintaining, operating and administrating roads owned by the partnership. Eurostrada also plans to develop the infrastructure around the roads, which will be motels, restaurants, fast food, shops and gas stations. "Eurostrada will for sure fight for a license for the A-4 highway between Wroclaw and Katowice," said Budimex spokesman Waldemar Mierzwa. Ferrovial Agroman is the main construction company in Grupo Ferrovial, which has 47.2% of Budimex shareholder votes. (Parkiet, page 3) M.M.