Suriname Seeks to End Contract for Carolina Bridge

Aug 15, 2011, 01:30 ET from Ballast Nedam NV

NIEUWEGEIN, The Netherlands, August 15, 2011 /PRNewswire/ --

The Ministry of Public Works of Suriname has announced it seeks to end its contract with Ballast Nedam for the design and construction of the Carolina bridge across the Suriname river. The Ministry wishes to open consultations with Ballast Nedam in order to achieve a proper settlement. Ballast Nedam published the signing of the contract on 11 July 2011.

Ballast Nedam has a leading position in construction and infrastructure. The company operates mainly in the Netherlands on integrated and other projects for companies, public authorities and housing consumers, in the fields of mobility, housing, employment, leisure and energy. Ballast Nedam operates internationally in various areas of expertise. Ballast Nedam supplies project, process and contract management in the development, implementation and management phases. The company also provides specialized know-how and skills, and semi-finished and finished products. Ballast Nedam is listed on NYSE Euronext in Amsterdam. The share is included in the Amsterdam Small Cap Index.

SOURCE Ballast Nedam NV