Krokstadøra, October 11, 2017
Worth over CZK 2.2 billion, the project will be executed by a consortium consisting of Metrostav and the local company Bertelsen & Garpestad. The two partners are currently building a bypass around the Norwegian city of Kongsberg. "Even though we have been working in Scandinavia since as early as 2006, a contract abroad always carries higher risks. Because of that, all of our foreign ventures are executed with local partners," explained the Metrostav Group's Head of Foreign Operations Václav Soukup. Metrostav's share in the project amounts to approximately 60%.
Without contracts abroad, Metrostav would face difficulties in finding work for its specialized workforce and machinery. In the Czech Republic, the only large underground project currently under way is the Ejpovice Rail Tunnel. In view of the situation and despite the risks involved, Metrostav has decided to expand to other countries, where the availability of construction projects is greater. At the same time, however, Metrostav faces tough competition from local companies and multinational construction groups. Nonetheless, the current contract shows that the Czech company is able to prevail. Apart from Norway, Metrostav is working on projects in Belarus, Finland, Germany, Iceland and Poland.
Additional Information:
Vojtěch Kostiha Spokesperson, Metrostav a.s. Telephone: 266 019 715 E-mail: vojtech.kostiha@metrostav.cz