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Heijmans NV (0M6I)

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Tuesday 31 October, 2017

Heijmans NV

Interim ruling provides basis for completing the Wilhelmina Lock Project in Zaandam

Interim ruling provides basis for completing the Wilhelmina Lock Project in Zaandam

Joint Heijmans and Province of Noord-Holland press release

Neither the Province of Noord-Holland nor Heijmans could have foreseen the cause of the problem with the lock's design. This is the interim ruling of the Arbitration board for the building industry (RvA: Raad van Arbitrage voor de Bouw) in a dispute about the Wilhelmina Lock Project in Zaandam. This interim ruling offers a basis for the joint completion of the project. 

The provision Heijmans took in the 2016 financial statements seems adequate; the exact financial consequences will be worked out in more detail in the coming period. Both parties will continue to make the necessary efforts required to resume construction as quickly as possible. 

A difference of opinion about the technical implementation and planning of the project arose in 2014. After mutual discussions about the design, progress and construction did not produce the desired result, Heijmans and the Province of Noord-Holland decided to submit the situation to the Court of the Arbitration board for the building industry in the Netherlands. 

About Heijmans 
Heijmans is a listed company that combines activities related to property development, residential building, non-residential building, roads and civil engineering in the areas living, working and connecting. Our constant focus on quality improvements, innovation and integrated solutions enables us to generate added value for our clients. Heijmans realises projects for private consumers, companies and the public sector and, in partnership with its clients, is building the spatial contours of tomorrow. You will find additional information on www.heijmans.nl.

For more information / not for publication:

Media
Rik Hammer
Communications
+31 (0)73 543 52 17
[email protected]

Analysts
Guido Peters
Investor Relations
+ 31 (0)73 543 52 17
[email protected]

Province of Noord-Holland
Fabian Paardekooper 
Press Officer
+ 31 (0)6 1860 9344
[email protected]





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Source: Heijmans NV via Globenewswire


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