2/2019 - Information on contract settlement agreement

The Management Board of Trakcja PRKiI S.A. (“The Company”, “The Issuer”) informs that the Company acting as the Leader of the Consortium composed of:

- Trakcja PRKiI S.A. – the Leader of the Consortium

- COMSA S.A.U. – the Partner of the Consortium

signed today a contract with Municipality of Cracow, represented by Director of the Board of  Municipal Infrastructure and Transport of Cracow, which covers conducting of construction works:

“The renovation of tramway track on Krakowska Street at the section Rollego Street – Dietla Street along with renovation of current road system, sidewalks, paths, technical infrastructure, turnout node on Krakowska-Dietla-Stradomska as well as renovation of Dietla Street at the section Bożego Ciała Street – Augustiańska Street and renovation of existing Piłsudski Bridge across the Vistula River”.

The net value of the contact is PLN 76,592,220.49. The works are to be finished within 10 months after the date of handing over the construction site, as well as the possibility of using tramway tracks for tram traffic within 8 months after the date of handing over the construction site. The remaining conditions of the Contract are analogous with such provisions commonly used in this kind of contracts.

The Management Board of the Issuer has decided to publish this information, because its share in this contract constitutes an important part in the Issuer’s portfolio of tramway and trolleybus infrastructure contracts and it is the next step in implementation of re-engagement strategy in urban investments.

Legal basis:

ART. 17 MAR