Polonium

Wednesday, December 30, 2009

Mostostal, Avax Lose Polish Soccer Stadium Contract

The Polish city of Wroclaw canceled a 598 million-zloty ($208 million) contract for Mostostal Warszawa SA and J&P Avax SA to build a stadium for the Euro 2012 soccer championships.

Wroclaw will start talks tomorrow with a group including Budimex SA to take over the work, Marcin Garcarz, a spokesman for the city, said by phone today. The municipality plans to sign a new contract in January to ensure that the stadium will be completed in the spring of 2012, Mayor Rafal Dutkiewicz said in a press conference carried live on the TVN24 television channel today.

Read more: http://www.bloomberg.com/apps/news?pid=20601085&sid=aaBql9PQ2Fz4