Aktor: Huge advances for very little work

The Corridors of Serbia Company failed to properly monitor the works executed on the motorway segments in the direction of Bulgaria, built by the Aktor Company, and did not terminate the agreement with the contractor which failed to meet its contractual obligations.

The Greek construction company, Aktor received over 23 million EUR in advance payments for extra work that was not covered by the aforementioned agreement.

This is what the report, compiled by a task force formed by Construction Minister Zorana Mihajlovic, states. The task force had to analyze the situation with the construction of the Bancarevo – Crvena Reka, Crvena Reka – Čiflik, and Staničenje – Pirot East segments, and on the Dimitrovgrad bypass.

The report says that Corridors of Serbia turned a blind eye to Aktor failing to meet its contractual obligations and failing to stick to the contracted deadlines. Aktor’s bank account has been frozen for over a year now, and this is just another fact that has been ignored by Corridors of Serbia which was also accused of being slow to react.

The report goes on to say that Aktor did not work on all four segments simultaneously, that it lacks workforce, machinery, equipment and material needed to work without stopping. “This resulted in constant latency and breach of the contractual deadlines, as well as Aktor’s demands for advance payments, compensation claims and payments for the purchase of materials under the pretext of expediting the works”, the report underlines.

Corridors of Serbia claim that they made advance payments, and settled compensation claims and invoices in line with the signed agreement, and following the approval of the banks which have been funding the projects.

“The main reason for the delays was the land expropriation issues, i.e. the fact that land expropriation fees were paid successively until 2016, instead of until 2012. The inappropriate and unfinished project documents drafted in the period from 2009 to 2012 were also to blame for the delays. All the payments and amendments to the agreement were done in line with the very strict procedure that is outlined in the contracts with the contractors, and in the agreements with international creditors (the World Bank, EBRD, EIB)”, the Corridors of Serbia Company says.

(Vecernje Novosti, 25.01.2017)


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