Communications
The District Court in Warsaw took into account the request of Mostostal Warszawa concerning the unjustly accrued contractual penalties by theGeneral Directorate for National Roads and Motorways (GDDKiA) and deducted from the remuneration of the Consortium under the contract for the construction of the A2 motorway. The court ordered to pay to the Consortium, of which Mostostal Warszawa was a participant, the amount of PLN 29.12 million of remuneration for the completed construction works
On May 2016, 6 Mostostal Warszawa SA signed an annex to the agreement for granting contractual insurance guarantees with Towarzystwo Ubezpieczeń i Reasekuracji „WARTA” SA within the agreed guarantee limit. The annex increases the limit up to PLN 50 million. With this limit, Mostostal Warszawa SA may obtain all kinds of insurance guarantees.
Commentary of Andrzej Goławski, President of the Management Board of Mostostal Warszawa SA on the financial results from the consolidated financial statement of the Mostostal Warszawa Group for the first quarter of 2016.
On 14 December 2015, Mostostal Warszawa and Credit Agricole Bank Polska signed an agreement for new guarantee line for construction contracts amounting to PLN 40 million.