National Stadium builder sues subcontractor for PLN 564.5 mln

PBG Consortium and Hydrobudowa Polska have filed a lawsuit at the Regional Court in Warsaw against Imtech Polska for not completing contracted work during the construction of Warsaw's National Stadium prior to the Euro 2012 football tourney. ISBnews reported on the lawsuit and further explained that Imtech was contracted to complete sanitation installations as well as mechanical devices in the stadium. Due to incomplete work and penalty fees, the plaintiffs have calculated the PLN 564.5 million lawsuit amount. The National Stadium was built for circa PLN 1.9 billion. PBG and Hydrobudowa have been in bankruptcy proceedings since 2012. The high cost of work during the building of the stadium contributed to a loss of liquidity of both firms.