Value of public contracts grows by 43 % to Kc191.7bn in CR in H1

published:

updated:
14.08.2014 11:47

Prague - The value of public contracts in the Czech Republic rose by 43.4 percent yr/yr to Kc191.7bn at the end of June and the tenders' value grew by 20.1 percent, said the latest analysis by CEEC Research.

foto

Průmyslový podnik, firma, sklad - ilustrační foto. ČTK Fluger René, FOTOBANKA ČTK

Three large contracts of CEPRO, a company engaged in the transportation, distribution and storage of oil products, valued at Kc88.4bn were the major contributor to the growth.

Excluding them, the volume of public contracts would post a real growth of 6.7 percent, said the analysis based on data published in the Public Procurement Bulletin at the end of June.

The number of public contracts reached 5,960 in the January-June period.

The amount of new public tenders reached 4,330, an annual hike of 20.5 percent, their value growing to Kc132.2bn.

"The volume of public contracts largely increased in the key sector of construction," said CEEC Research head Jiri Vacek.

The sector starts growing after five years of falls, he added.

"It grew by more than 5 percent in the first six months of the year," Vacek said.

According to him, a lack of money for investment is no longer a problem in the sector, it is red tape and delays in project preparation and implementation.

The number of tenders invited by ministries and other central institutions posted a rise of 31.6 percent and the volume of invested money grew by 32.8 percent, said the analysis.

Regional authorities and associations invited 42 percent of new tenders, the highest amount, over the period, and 39 percent of tenders were called by other entities like CEPRO, CEPS, OKD and other joint-stock and limited liability companies as well as schools and hospitals.

Ministries and central institutions declared 15 percent of tenders and state-run enterprises 4 percent of tenders, according to the analysis.

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Written by:
www.ctk.cz

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