Monday, July 14, 2014

OCTAGON contractor within four infrastructure projects although the sector dropped by 28% in the first five months

    Lacking consistent public investments the road infrastructure, a sector which should support the entire economy, dropped by 27.7% in the first five months of this year, Ziarul Financiar writes, reporting the data of the National Statistics Institute (INS).
    The steep decline registered by the construction works was generated by lower investments in public projects. Thus, investments reached 7.5 billion lei (1.7 billion euro) in the first five months, a 26% decline on the same period of last year, according to the information displayed on the Finance Ministry website. Investments accounted for 1.1% of the GDP between January and May.

“The elections have not influenced the road infrastructure sector positively and this is due to the fact that we have not reached political stability yet. During the elections a great amount of construction investment funds are redirected, through budget amendments towards public sectors which could bring votes, such as pensions, to influence the electorate.”, said Alexandros Ignatiadis, co-founder and shareholder of OCTAGONCONTRACTING & ENGINEERING, in an interview broadcast by ZF Live.

   Despite the sector decline, OCTAGON contracted works on three infrastructure projects this year.
Piata Presei Libere 1
   The newest infrastructure project of the company is “The underground passage from Piata Presei Libere” (Bucharest). The company is performing here geotechnical works: diaphragm walls D 9,950 sqm, thickness 80 cm.
Piata Presei Libere 2

   The company is also working on the rehabilitation of the railway Brasov- Simeria, section 2 Coslariu- Sighisoara, sector Micasasa- Coslariu, the works consisting in the execution of bored piles D 1,000,anchorages, stone columns and sheet pile installation, a project within which Aktor is general contractor.
    OCTAGON is also executing bored piles for sections A, D and E, sector 2- Lugoj- Deva Highway, for the contractor Salini Impregilo.

No comments:

Post a Comment