Published On: Tue, Oct 28th, 2014

USONA insists that situation Ballast Nedam will not affect construction new hospital

New hospitalWILLEMSTAD – The financial situation of the main contractor for the new hospital in Curaçao is currently not at its best. This is according to the annual report released by the construction company Ballast Nedam in the third quarter of 2014.

Last week Ballast Nedam emitted its report indicated an enormous loss without specific numbers to quantify this.

The market circumstances of this quarter remain the same as before, according to the report. Ballast Nedam attributes this situation to the competition, which weighs heavily on the price calculation, which the company cannot charge.

Financial experts indicate that the last time the company made any profits was in 2011. Last October the company even announced that they had to absorb a loss of 100 million guilders on a road project in the Netherlands.

Here in Curaçao, the USONA has repeatedly stated that the financial situation of the company does not affect the process of the new hospital, which will be built in downtown Otrabanda, right next to the old hospital. There were talks about certain guarantees given by the construction company to banks, but there were no further details about these. Construction permit has been signed by the Minister of Urban Development and work can start at any moment now.

Ballast Nedam NV is a Netherlands-based company engaged in the development, construction, management, recycling and financing of housing, mobility, energy and nature projects. It has four segments: Infrastructure segment, engaged in the development, construction and management of infrastructure projects, industrial construction, offshore wind turbine projects and international projects; Building and Development segment, engaged in the same activities as Infrastructure segment with respect to real estate projects in the Netherlands; Specialized Companies segment, engaged in the delivery of specialized products and services on a project basis, such as engineering, construction trenches, foundations, drilling and anchoring, installation engineering for energy supply and mobility, environmental consultancy and engineering, plant and equipment, green space, and Supplies segment. In December 2013, it sold its wholly owned subsidiary Gebr. Van Leeuwen Drilling BV to Kleywegen Groep.


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