Exbud-Skanska plans expansion, despite failure with A-4 highway bid

Construction group Exbud-Skanska has announced its intention to double revenues to zl.5 billion and increase its market share from 4% to between 5% and 8%. "We don't plan any acquisitions. It will be organic growth. We want to concentrate on gaining contracts for construction projects, especially roads and bridges," said the group's chief executive, Leszek Walczyk. However, Exbud-Skanska seems to have missed out on the profitable A-4 highway project, estimated to be worth some zl.1.5 billion. The group has failed to reach the second stage of the tender. But it is dissatisfied with the reasons given by the Highway Construction and Development Agency (ABiEA) and is considering an appeal against its decision. (Puls Biznesu, p. 3) M.K.