The overall backlog of parent company GEK
TERNA Group's projects amounts to $2.
TERNA Group of Companies, through its 100% owned subsidiary ICON Ltd, can present an exceptionally rich portfolio of properties in Bulgaria - in Sofia, Samokov, Lom, Svilengrand, Krivina, Batak, which are under development for residential uses in urban & rural, alpine & by the seaside areas, malls, office buildings, etc.
Erez Alroy, Co-CEO of SHL, commented : "We are delighted to have won this tender and that we can continue the partnership with Barmer GEK
for many years.
TERNA is mostly active in the construction, industry, real estate and energy sectors in Greece, noted an EU Commission statement.
Five international consortia from Austria, Greece, China, South Korea and Egypt have in October 2010 expressed interest in bidding for the project including Austria's Strabag which is partnering with Egypt's EFG-Hermes, Korea's GS Engineering & Construction, and Greece's GEK
Terna and Austria's PORR who are partnering with Egypt's Hassam Allam Contractors.
Founded in 1972, TERNA has always been focused on major and complex infrastructure projects, a role which has continued following its merger with GEK
It provides for its shareholders (AOK Northeast, West AOK, AOK Rheinland / Hamburg, AOK Sachsen-Anhalt, Barmer GEK
and the HEK - Hanseatische Krankenkasse) comprising all necessary for the insurance IT services.
It will add to GEK
Terna group's construction backlog which currently stands at $3.
TERNA Group CEO George Peristeris and QPI CEO Nasser al-Jaidah shaking hands after signing the agreement in the presence of HE Dr Mohamed bin Saleh al-Sada, Minister of Energy and Industry.