Court rules that Prague must pay IDS more than 180 million owed for Blanka tunnel work
A court has wrapped up an arbitration case between the engineering and construction company IDS (Inženýring dopravních staveb) and the city of Prague, ruling that the city must pay 183 million crowns plus interest owed the firm for work on the Blanka tunnel complex. The news was confirmed by Deputy Mayor Petr Dolínek. The interest, meanwhile, amounts to just under 14 million. The deputy mayor said an arbitration case was the only way forward in the disagreement over work conducted and monies owed; he stressed that while he regretted the high amount, it was less than the 300 million IDS had sought. A spokesman for IDS confirmed the company was satisfied by the result. Both sides will still have to sort out other invoices which still remain unpaid, the Czech News Agency noted.