Netherlands: Amsterdam short of money for metro line

Article Abstract:

The City of Amsterdam needs another Fl 420mn to complete the Metro line between Amsterdam North and Amsterdam South. Some Fl 258mn is still required for the three stations, FL 60mn for preparation and administration, Fl 52mn for existing contracts and Fl 50 is still required by the state for indexing. The City hopes to reduce its portion of the debt and spread it over time. The project is expected to be delayed for two years and will only be complete in March 2011.

Nonbuilding Construction, Highway, Street, Bridge, and Tunnel Construction, Financial management, HEAVY CONSTRUCTION, EX. BUILDING, Construction industry, Heavy construction

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Netherlands: KPN alters option scheme

Article Abstract:

KPN, the Dutch telecoms company, has altered the option arrangements in the favour of top management at the end of the share issue period. Personnel cannot cash in their shares until end 2004, while 135 members of top management may do so immediately. Originally this had been entered in the prospectus the other way round. This alteration has been put down to tax reasons.

Telecommunications, Telephone Communication, Personnel administration, Telecommunications industry, KPN Royal Dutch Telecom

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