Ballast Nedam Signs New Contract for Carolina Bridge

NIEUWEGEIN, The Netherlands, December 16, 2013 /PRNewswire/ --

Ballast Nedam has reached a new agreement with the Ministry of Public Works of Surinam for the design and construction of the Carolina bridge across the Surinam river. A separate agreement includes the settlement of the termination of an earlier contract for the Carolina bridge by the Ministry in August 2011.

The project management on behalf of the Ministry of Public Works is administered by a consortium of four engineering firms from Surinam. The contract value of the design and construction of the bridge amounts to approximately 19 million euro.

Ballast Nedam engages in integrated projects in The Netherlands in four areas of work: housing, mobility, energy and nature. Within this area we focus on the niche markets: industrial construction, offshore wind turbines, secondary raw materials and alternative fuels. In a number of areas of expertise, we also operate internationally. The Ballast Nedam share is included in the Amsterdam Small Cap Index (AScX) of NYSE Euronext.

Ballast Nedam's approach is based on life cycle thinking and acting: we develop, construct, manage and recycle. We are involved in long-term management, maintenance and operation of projects and organize financial feasibility. Our supply and specialized companies deliver competitive edge through innovation, cost leadership and purchasing strength. Ballast Nedam's range of services is shifting towards modular products and specific product-market combinations with greater added value.

Ballast Nedam creates enduring quality combined with lower life cycle costs for its customers and society. http://www.ballast-nedam.com