J&P-AVAX SA announces its participation with a 48.52% stake in the consortium which signed on 14.04.2009 a contract with the City of Wroclaw for the construction of the Wroclaw Stadium, worth euro 142.9 million excl. VAT.
Wroclaw Stadium is one of the venues hosting the "Euro 2012" European football Championship. It will have a capacity of 43,000 spectators, all covered, and its design allows for alternatives uses, including music concerts etc. Besides the main sports facilities, the complex includes a 3-storey car park, VIP lounges, VIP Club for rent, restaurants, retail shops, etc.
The project has a 21-month deadline.
This contract is the latest in a series of contracts signed by J&P-AVAX in Poland. The Company has already delivered a building project in Gliwice and a road junction in Miedzyrzek Podlaski.
It is currently involved in road works with a total budget of ?380 million in various sections of the country's main A1 highway. Including this contract, J&P-AVAX's work-in-hand in Poland exceeds euro 315 million, excl VAT.