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| Bonn Schürmann Complex claim settled The Court in Bonn has issued a decision regarding damages to the Schürmann Complex in Bonn incurred when the river Rhine overflowed its banks in December 1993. Under the arrangement, the Dutch builder Royal BAM Group will pay the German government €55 million. The company said this amount is within the estimates used by BAM for this purpose and is covered by an insurance payment. The construction of the Schürmann Complex was undertaken by HBG, which was taken over by Royal BAM Group in 2002. Royal BAM Group's Executive Board is delighted that on the basis of this arrangement, the legal proceedings are now closed. In April 2001, the Court in Cologne issued a decision that directed the German government as the client and HBG as the builder to assume an equal share of the damages to the Schürmann Complex as part of any claim settlement. This decision became final in mid-2003 after the German Federal Supreme Court in Karlsruhe decided not to hear an appeal against the decision. write your comments about the article :: © 2007 Construction News :: home page |