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Court dismisses contractor's $25.14 mln lawsuit in major bridge project

12:53 11/10/2011

MOSCOW, October 11 - RAPSI, Natalya Belova. An appellate court upheld the lower court decision to dismiss a $25.14 million lawsuit filed by Dalmostostroy, Far East major bridge-building company, against SOGAZ, one of the largest insurance companies in Russia, the Russian Legal Information Agency (RAPSI) reported on Tuesday.

The dispute is centered on the construction of the world's largest cable-stayed bridge across Zolotoy Rog Bay from Vladivostok to Russky Island for the APEC summit.

Dalmostostroy, a subcontractor, and the TMK bridge construction company, a prime contractor, entered into a contract on August 15, 2008, under which Dalmostostroy committed to construct a bridge across Zolotoy Rog Bay to connect the M-60 federal highway with Russky Island.

Dalmorstroy said that TMK did not pay for the works accomplished in the period 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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Court dismisses contractor's $25.14 mln lawsuit in major bridge project

12:53 11/10/2011 An appellate court upheld the lower court decision to dismiss a $25.14 million lawsuit filed by Dalmostostroy, Far East major bridge-building company, against SOGAZ, one of the largest insurance companies in Russia.
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