BER airport: Imtech bankruptcy could jeopardize date for opening – SPIEGEL ONLINE

The German subsidiary of the Dutch building-provider and equipment supplier on capital airport BER, Imtech has filed for insolvency. This could possibly tip the date for the start-up once again.

“I think that the opening date for critically endangered,” said Martin Delius (Pirate Party). He relied on statements of the former airport boss Hartmut Mehdorn in the examination committee which had designated the company as extremely important for the billion project.

In the Supervisory circles it is said on Friday that bankruptcy would be considered “with concern”. The bodies of the Supervisory Board would discuss the situation shortly.

 
 
 

DPA

Martin Delius (archive picture): “Hold the opening date for endangered”

Delius gave the airport management of failure. The company had long since should be separated from Imtech in his view. He pointed to a multi-million dollar advance that the company got the end of 2012. “There should have been clear that the company is not quite kosher,” said Delius. The airport in Schoenefeld in Berlin is to go in the second half of the year in 2017 after several cancellations of appointments. Originally, the opening for the end of October 2011 was recognized, but this and three other events were discarded. Among the causes for multiple shift include planning mistakes, construction defects and technical problems.

Imtech shares breaks

Imtech is responsible for the airport construction site, among other things, work on the fire protection systems, which have already led to multibillion-dollar delays. The company was also recently advised on charges of corruption in the headlines, in the case identify experts since December 2014 against a BER manager. My suspicion: A former head of the airport to have been bribed by Imtech.

The share of the Dutch building chandler Imtech has slumped significantly again on Friday. The title abated in the top 42.3 percent: to a record low of 0.69 euros. In the meantime, the titles were suspended because of the large losses from trading. Even after the announcement of insolvency proceedings on Thursday afternoon, the shares had lost about 40 percent.