Selection of the bid made by a subsidiary company of Polimex-Mostostal S.A.

The Management Board of Polimex-Mostostal S.A. informs that today, i.e. on 10 August 2010, they have obtained information on the selection of the bid made by a subsidiary company, TORPOL Sp. z o.o., for the design and execution of works on the Cracow – Medyka – state boundary railway line, along the Podłęże – Bochnia section within km 16.000 – 39.000 as part of the ‘Modernisation of the E30/C-E30 railway line, Cracow – Rzeszów section, stage III’ project.

The Contracting Parties are PKP Polskie Linie Kolejowe S.A. and a consortium of the following companies: TORPOL Sp. z o.o. (Consortium Leader), FEROCO S.A., Zakład Robót Komunikacyjnych – DOM in Poznan Sp. z o.o. and Przedsiębiorstwo Usług Technicznych INTERCOR Sp. z o.o.

Contract price for the entire consortium amounts to: PLN 516,289,175.22 net, 
PLN 629,872,793.77 gross.

Estimated value of the works to be executed by Torpol Sp. z o.o.– net:232,330,000.00, gross: 283,442,600.00.

Execution period: 40 months.

Contractors and other parties, should the legal interest thereof in the obtainment of the order have been or may be prejudiced as a result of infringement by the Ordering Party of the provisions of the Act dated 29 January 2004 – 'Public Procurement Law', shall be entitled to means of legal protection provided for in Section VI thereof. Protest lodging period shall be 10 days of the day whereon the party has or may have obtained information on circumstances constituting grounds for lodging the protest.

The Ordering Party shall notify Contractors of the Contract signature date and fulfilment of formal obligations pertaining thereto in a separate letter. Prior to Contract conclusion, there shall be held an inspection by the President of the Public Procurement Office.

Legal grounds:    Article 56 (1) (1) of the Act on public offer and conditions of organised trade in financial instruments, and on public companies, as related to § 5 (1) (3) as related to § 9 of the Ordinance of the Minister of Finances dated 19 February 2009 on current and periodical information provided by issuers of securities and terms of deeming information required by the regulations of a non-Member State equivalent (Dz.U. (Dziennik Ustaw, Journal of Laws) of 2009, No. 33, item 259).