Ferrovial landed contract in Poland

expat network

Ferrovial landed contract in Poland

A consortium including Budimex and Ferrovial Agroman has been selected for a €154 million contract for a new section of the S3 expressway in Poland.

The 22.6km stretch of road will include dual carriageway in both directions, located between Nowa Sol and Legnica in the south west of the country.

Commissioned by Poland’s General Directorate for National Roads and Motorways, the project will create three new junctions, several walkways and a tunnel for bikes. Construction work is scheduled to be completed within 30 months and is part of the wider S3 road scheme

Its development comes as research group PMR has released its latest study, which forecasts that the Polish roadbuilding sector will grow by more than 10% in 2015.

The organisation said analysis of the Polish government’s road infrastructure programme suggested that roadbuilding activity would peak over the next three years.

It estimated that road and bridge-building work would be worth around €7.9 billion at the peak of the market. It said this would be €1.1 billion lower than Poland’s record year in 2011.

Bartlomiej Sosna, PMR’s head construction analyst, said, “As of 2015, the recent price drops in the fuel market should start having a positive effect on the profitability of contracts secured in 2014.

“Lower fuel prices will allow a genuine buffer for contractors which will safeguard the profitability of contracts, even if the prices of building basic materials, such as cement or concrete, go up”.

Source: KHL

Link: http://tinyurl.com/nslwk8z

Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.