Interim ruling provides basis for completing the Wilhelmina Lock Project in Zaandam
(Thomson Reuters ONE) -
Joint Heijmans and Province of Noord-Holland press release
Neither the Province of Noord-Holland nor Heijmans could have foreseen the cause
of the problem with the lock's design. This is the interim ruling of the
Arbitration board for the building industry (RvA: Raad van Arbitrage voor de
Bouw) in a dispute about the Wilhelmina Lock Project in Zaandam. This interim
ruling offers a basis for the joint completion of the project.
The provision Heijmans took in the 2016 financial statements seems adequate; the
exact financial consequences will be worked out in more detail in the coming
period. Both parties will continue to make the necessary efforts required to
resume construction as quickly as possible.
A difference of opinion about the technical implementation and planning of the
project arose in 2014. After mutual discussions about the design, progress and
construction did not produce the desired result, Heijmans and the Province of
Noord-Holland decided to submit the situation to the Court of the Arbitration
board for the building industry in the Netherlands.
About Heijmans
Heijmans is a listed company that combines activities related to property
development, residential building, non-residential building, roads and civil
engineering in the areas living, working and connecting. Our constant focus on
quality improvements, innovation and integrated solutions enables us to generate
added value for our clients. Heijmans realises projects for private consumers,
companies and the public sector and, in partnership with its clients, is
building the spatial contours of tomorrow. You will find additional information
on www.heijmans.nl.
For more information / not for publication:
Media
Rik Hammer
Communications
+31 (0)73 543 52 17
rhammer(at)heijmans.nl
Analysts
Guido Peters
Investor Relations
+ 31 (0)73 543 52 17
gpeters(at)heijmans.nl
Province of Noord-Holland
Fabian Paardekooper
Press Officer
+ 31 (0)6 1860 9344
paardekoopef(at)noord-holland.nl
Press Release:
http://hugin.info/130707/R/2146144/822904.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Heijmans NV via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 31.10.2017 - 17:34 Uhr
Sprache: Deutsch
News-ID 566029
Anzahl Zeichen: 2752
contact information:
Town:
Rosmalen
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 279 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Interim ruling provides basis for completing the Wilhelmina Lock Project in Zaandam"
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Heijmans NV (Nachricht senden)
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