Report No. 34_Conclusion of a Contract for the Design and Construction of the S19 Expressway from Rzeszów Południe Interchange to Babica Interchange

Management Board of Mostostal Warszawa S.A. ("Company") informs that on 10 July 2020 the Company and Acciona Construcción S.A. (parent entity of the Company - 62.13% in the total number of votes during the General Meeting; both entities jointly referred to as the "Contractor") concluded an agreement with the General Director of National Roads and Motorways with its registered office in Warsaw for the performance of the task entitled: "Design and Construction of the S19 Expressway on the Section from the Rzeszów Południe interchange (without the Interchange) to the Babica Interchange (with the Interchange), Approx. 10.3 Km Long".

Contract value: PLN 2,230.17 million gross.

Completion date: 54 months; winter periods (i.e. from 1 December to 31 March) are included during the design phase; winter periods (i.e. from 1 December to 31 March) counted as four months are not included in the construction duration.

Payment deadline: 30 days from the date of receipt of the invoice.

The maximum warranty period is 10 years.

Performance bond: 10 % of the gross contract value in the form of a bank guarantee.

 

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