Váhostav set to apply for motorway tenders

CONSTRUCTION company Váhostav-SK is interested in taking part in all motorway tenders launched this year by the National Highway Company (NDS) provided that its restructuring plan is approved, Director Marián Moravčík has stated, the TASR newswire reported on May 21.

Váhostav has enjoyed many state orders. (Source: Sme)

The company, which is tied to tycoon Juraj Široký, is one of the country’s biggest construction firms. The Smer-dominated parliament modified it’s restructuring plan so banks will get back 85 percent of their claims in the next five years, while small unsecured creditors will obtain 18.75 percent. Váhostav’s restructuring plan is currently being assessed by a judge, who is expected to announce her decision by May 22.

Read also:Váhostav-SK creditors approve restructuring plan

“If the court approves restructuring, construction company Váhostav-SK will need to exist further, of course, and it will continue to exist only if it actively applies for all projects,” emphasised Moravčík, as quoted by TASR.

Meanwhile, this year the NDS has already launched a motorway tender for the construction of a section of the D3 motorway between Čadca Bukov-Svrčinovec in Žilina region worth an estimated €199.1 million without VAT. In addition, NDS is planning to launch another two tenders in late May. These should involve the construction of two D1 sections between Prešov West and Prešov South as well as between Budimír and Bidovce (Kosice region).

“We’re interested in taking part in [the tenders for] all three motorway sections that will be launched by NDS this year,” said Moravčík, as quoted by TASR.

The director said that the company wants to present bids that would enable it to build the individual sections.

“I’m not afraid that we wouldn’t be able to pay our suppliers,” said Moravčík, as quoted by TASR.

The processing of personal data is subject to our Privacy Policy and the Cookie Policy. Before submitting your e-mail address, please make sure to acquaint yourself with these documents.

Theme: Transport


Top stories

Šefčovič will run for president

Our country needs good and non-partisan president, he said.

Maroš Šefčovič

Theresa May at least has the courage to try

May keeps her job because nobody else is capable, or willing, to take on the impossible task of Brexit.

Theresa May

‘All his own work’

To preserve their credibility, real academics must call out plagiarism.

Speaker of Parliament Andrej Danko

Biathlete Kuzmina triumphs in the women’s 10km sprint

It is her second World Cup victory this season.

Anastasiya Kuzmina