News (PL): Panattoni, Mirbud & Covec

Panattoni hires Mirbud
Panattoni has signed a €3m contract with Mirbud for the construction of logistics and office space development in Łódź. Mirbud director Jerzy Migros told Puls Biznesu the contract was a breakthrough for his company, as Goldbeck and Depenbrock have built most of the important investments in Poland until now. Work is expected to be completed in December 2011.

Doubts about Chinese A2 contract Chinese A2 road indebted
The Chinese consortium Covec, which is working on 50 km of the A2 expressway linking Łódź and Warsaw, has made assurances that it will pay its subcontractors’ invoices by the May. Covec is reported to owe Polish contractors PLN 30m. The company has promised is will complete its portion of the motorway on time, though experts believe the company doesn’t have  a chance.

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