Budimex's 2004 results to reflect latest contract won by its Dromex subsidiary

A consortium of construction companies encompassing Budimex-controlled Budimex Dromex, has signed two new contracts worth estimated EUR 100 million. The consortium will complete two stretches of the A2 highway between Dąbie-Wartkowice and Wartkowice-Emila. The value of the contracts represents over 20% of the Budimex group revenues for 2003 when they amounted to over zł.2.1 billion. Construction work will most probably begin this year, which means the deal will influence the Budimex group's 2004 results. The Budimex management board also announced that they want to issue bonds with a nominal value of zł.85 million, which will be transferred to Budimex Dromex. (Parkiet, p. 6) A.F.