Abu Dhabi Airports to pull MTB contractors’ bonds over project ...United Arab Emirates

Abu Dhabi Airports Company will move to cash bonds provided by the contractors consortium working on the Midfield Terminal Building project that is currently under construction at Abu Dhabi International Airport, a Reuters report says. According to a report citing sources close to the project, the consortium – comprising of Turkey’s TAV, the Lebanon-based Consolidated Contractors Company (CCC), and the UAE’s Arabtec Construction – submitted bonds totalling about $817 million, which were to guarantee the performance of the main contractor. The consortium was awarded the $2.85 billion contract to build the Midfield Terminal Building in 2012, but work has been delayed and costs have continued t

Hence then, the article about abu dhabi airports to pull mtb contractors bonds over project was published today ( Sunday 21/03/2021 - 10:46 AM ) and is available on ME CONSTRUCTION NEWS ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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