Budimex wins EUR50 million Spanish contract

According to Parkiet, Budimex will receive €50 million for the project. "We have received an official confirmation that we have indeed won the tender to construct and manage a 118 km length of motorway," said Krzysztof Kozioł, the spokesman for the publicly traded company. The motorway is to be completed and opened by the end of 2005, and will link the central and eastern parts of Spain. The value of the whole contract stands at €525 million, with Budimex holding an estimated 10% share. This project however, is not the end of Budimex plans to render its services on the Spanish market. Marek Michałowski, the company's president, announced that his concern during the course of this year, will participate in four tenders organized by Spanish officials. (Parkiet, p. 1; Puls Biznesu, p. 9) A.K.