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Wednesday, January 22, 2014

Cost of Nato's new HQ soars by 25 per cent

The new NATO headquartersThe construction costs for a new Nato headquarters in Brussels could soar by as much as 25 per cent presenting a bill to the British taxpayer of over £150 million at a time of national defence cuts.

The construction consortium building a state-of-the-art HQ for the Western Alliance has run into financial difficulties that could push the bill for the building up to a total of over €1.25 billion (£1bn).

Officials have confirmed "that the general construction contractor submitted a claim for extra costs and time to finalise the new Nato headquarters building, beyond their initial bid".

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1 comment:

  1. John22/1/14 12:14

    So? The contractor bid it. To keep it, they need to honor that bid amount, otherwise, let's go to the next bidder.

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