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THESSALONIKI – An under-construction subway for Greece’s second-largest city is stuck in limbo after the consortium building it said it wants the contract torn up and to walk away without paying compensation, as allowed by a court ruling.

The troubled metro project is several years behind schedule and now has new woes with the group of companies doing the work, made up of Greek and Italian companies (AEGEK-Impregilo-Ansaldo-Seli-Ansaldobreda) making a move to leave.

The government had extended the agreement with the consortium to November 2016 after a series of obstacles, including archaeological fines, held up the project, but the contractors said they hadn’t agreed with the proposal and a court earlier ruled in their favor.

Attiko Metro, which manages the project, either has to pay up for the work already done and not seek compensation or try to strike a new deal with the consortium and a new contract.

“Attiko Metro wants the project to continue through a lawful process,” the company’s President Christos Tsitouras told Kathimerini. “We will not accept a discussion on issues that have already been referred to arbitration. We can discuss with the consortium possible changes to the remaining project, which could be recorded in a supplementary contract.”

The original contract for the construction of the Thessaloniki metro was signed in April 2006 but less than 40 percent of the project has been completed so far.

The post Legal Woes Derail Thessaloniki Metro appeared first on The National Herald.

Source: The National Herald
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