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Contractor's $34 mln lawsuit in major bridge project to be heard on December 21

11:29 29/11/2011

MOSCOW, November 29 - RAPSI, Natalia Belova. A court has adjourned until December 21 a $33.8 million lawsuit filed by Dalmostostroy, Far Eastern major bridge-building company, against a major insurer, the Russian Legal Information Agency (RAPSI) reported on Tuesday.

The dispute resulted from the construction of the world's largest cable-stayed bridge across Zolotoy Rog Bay from Vladivostok to Russky Island for the APEC summit.
According to the court documents, Dalmostostroy, a subcontractor, claims from the TMK bridge construction company, a prime contractor, a debt for bridge construction.

Dalmostostroy and TMK entered into a contract on August 15, 2008, under which Dalmostostroy committed to construct a bridge across Zolotoy Rog Bay in Vladivostok.

The SOGAZ insurance company insured the project for 18 billion rubles ($573 million).

Dalmostostroy said that TMK did not pay for the works accomplished from 2008 to 2010 in full. Therefore it filed a lawsuit with the court.

The claims to the insurer are based on the insurance policy between the codefendants under which SOGAZ shall share liability, the plaintiff said.

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Contractor's $34 mln lawsuit in major bridge project to be heard on December 21

11:29 29/11/2011 A court has adjourned until December 21 a $33.8 million lawsuit filed by Dalmostostroy, Far Eastern major bridge-building company, against a major insurer.
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