Follow us on Twitter Follow us on LinkedIn Follow us on Instagram
Daily construction news
Weekly plant news

Construction News

Sun May 20 2018

Related Information
Related Information
Related Information

News » International » New York Wheel dispute heads to court » published 26 Oct 2017

New York Wheel dispute heads to court

A UK-based company with a US$3m (£2.3m) stake in the New York Wheel (NYW) has issued an update on a dispute with the project contractor.

Challenger Acquisitions said that a court hearing on the project is scheduled to be held today in New York. It had previously announced that there is a contractual dispute with the original wheel erector, which led to New York Wheel teminating the contract. At the court hearing, New York Wheel and the former wheel contractor will discuss the transition matters related to the work done by the various subcontractors for project.

Advanced negotiations are now under way with American Bridge Company to take on the work. Challenger said that it remains confident that full construction of the NYW project will recommence in the near-term.

Although there have been delays in the construction of the 630ft observation wheel, Challenger said that significant progress has been made on the terminal and retail building alongside, as well as the car park and event space.

Work on the major components of the wheel such as the rim, cables, spindle, drive towers, capsules and control cabinets is also still in progress.



Download our free construction news iPhone / iPad app. Sign up to our FREE email newsletters or subscribe to our RSS feed for regular updates on the latest Construction News, Plant News & Contract News. The Construction Index also provides the latest Construction Tenders, Construction Market Data & Construction Law Commentary all FREE.

This article was published on 26 Oct 2017 (last updated on 26 Oct 2017).

More News Channels