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Due to delay in subway construction Sofia Municipality stops payments to Taisei Corporation

Date: 06.12.2007

Because of the delay in the construction of the subway in the part from Sveta Nedelya Square and Yunak Stadium Sofia Municipality made a claim against the executor of the project Taisei Corporation to the amount of USD 50 000 per day (the Municipality won’t pay this sum to the executor), the press center of Sofia Municipality informed. The forfeit is provided for in the contract for the execution of the construction. The total amount of the penalty could be USD for,2 million.

Sofia Mayor Boyko Borisov has already sent a letter to the headquarters of Taisei Corporation in Japan informing them that the Municipality stops the payment due to the great delay.

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