Friday, 2 November 2012

Public Projects Never on Time and Budget 1

Potsdam: Further delay in Landtagsbau because companies go bankrupt?
During the construction of the Brandenburg state parliament in the center of Potsdam new trouble threatens: The Saxon Sandsteinwerke GmbH, based in Pirna, on 1 November at the Dresden district court filed for bankruptcy. The company was previously supplier for the cladding for the city castle replica. The works of the company at the site have been set. The bankruptcy of Sandsteinwerke their lawyer reported claims outstanding more than 1.9 million euros to the BAM Germany, which builds the project in PPP. BAM itself is currently in dispute with the state over increased construction costs and a later completion date. Completion is still planned for end of next year. The costs are still with approx. EUR 120 million budgeted.


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