Nikolloski stated that the increase in derivative prices will not result in additional costs for infrastructure projects. The rise in the prices of derivative products will not lead to supplementary expenses for construction endeavors.

Bechtel and Enka’s ongoing highway construction project, initiated through a prior government agreement, remains on schedule and compliant with all state tax obligations. Deputy Prime Minister and Transport Minister, Aleksandar Nikolloski, recently affirmed that anticipated increases in fuel prices would not translate into additional project expenses. He detailed that all significant construction contracts feature a sliding price scale, meticulously incorporating vital performance indicators.

This approach mitigates potential negative impacts, such as those observed in projects involving Bechtel, Enka, and Sinohydro, where price reductions were successfully implemented last year. Bitumen plays a crucial role in asphalt production, and the construction process inherently requires substantial transportation logistics. Nikolloski stressed the careful consideration given to managing construction prices.

The design incorporates flexibility to absorb fluctuations, ensuring the project’s continued progress. The ministry remains focused on delivering the highway efficiently, acknowledging the sensitivity surrounding rising prices and their potential effect on overall costs.

Topics: #construction #prices #not

One thought on “Nikolloski stated that the increase in derivative prices will not result in additional costs for infrastructure projects. The rise in the prices of derivative products will not lead to supplementary expenses for construction endeavors.

  1. Nikolloski clarified that the rise in derivative costs wouldn’t create extra charges for building projects.

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