The “fall out” of the huge runaway MaVa project – the widening of the A15 between Maasvlakte and Vaanplein – is increasing. Ballast Nedam Building Concern must be saved as a result of a cost overrun on the project of € 127 million. But the partners in the project, infrastructure company Strukton and the Austrian Strabag, chops the project results.
It established in Gouda, Oranjewoud, full ownership of Strukton, says publication of its annual figures, as the listed company announced Friday it without further explanation. But it is very likely that holds the delay associated with the MaVa misery. In 2013 the company already plunged into the red as a result of a million loss on the project.
Profit Warning Strabag Cologne
Earlier, in March, gave the Cologne-based construction group Strabag AG, a subsidiary of the Vienna Strabag, a profit warning. It had to, because of its listing. The press release of March 25, 2015 report, “The causes of this are significant, additional losses on the A15 project in the Netherlands (…) ‘, then follow some other additional cost.
As a result, the German Strabag AG has to adjust downwards its profit forecast. Earnings will continue to stabbing in 2014 to € 39 million, where there was an increase in profit forecast higher than the € 82 million in 2013. The loss-so is at least € 43 million
The annual reports of Strasburg Bags Viennese parent company are both over 2013 over 2014 erased the losses on the A15 MaVa project. The reports speak only of the financial burden associated with (…) an infrastructure project in the Netherlands. ‘
Too much reliance on the Dutch companies
De summit in Strabag SE in Vienna is not happy about it. Even at the press conference for the third quarter of 2014 on November 28, 2014, said CEO Thomas Birtel: “It is our first public-private road project in the Netherlands. We thought it was mustache, because we were in a consortium with two very well-known Dutch companies. We were the only foreign party in the contract. And we did so because we were able to use the experience of local parties in that project. But since then they have underestimated the problems in the project.
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