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Binders and ACB to reconstruct section of A2 highway for EUR 38.5 million
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    Binders and ACB to reconstruct section of A2 highway for EUR 38.5 million

    RIGA, Nov 5 (LETA) - Construction companies Binders and ACB will repair a section of Vidzeme A2 Highway for almost EUR 38.5 million, the state-owned joint-stock company Latvijas Valsts Celi (Latvian National Highways, LVC) informed LETA.

    The highway's section from the 25.5th kilometer to the 39.4th kilometer will be reconstructed, as well a 1.65-kilometer section of A3 road from Incukalns to Valmiera. According to LVC, it selected Binders and ACB's joint bid as it met all the requirements and the companies offered to do the job at a lower cost than other bidders - EUR 34,498,327 without value-added tax.

    The other bidders were Strabag, which claimed EUR 40.4 million, and SC&I - close to EUR 40 million.

    LVC's decision may be contested to the Procurement Monitoring Bureau within ten days.

    Implementation of the project will begin next year, it will be financed with money from the European Union's Cohesion Fund and the state budget of Latvia.

    • Published: 05.11.2018 15:21
    • Marta Kronberga, LETA
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    • © The given news may not be republished in any way or amount, or otherwise used by the mass media or Internet websites, without written permission of LETA. If this provision is not observed, the matter will be taken to court pursuant to the laws and regulations of the Republic of Latvia.
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