Sep 30 2010
Infrastructure Developments Corp. (OTCBB: IDVC) announced today that its subsidiary, Intelspec International, Inc., has been awarded a design-build contract for the Lido Phase II Project in Indonesia.
The contract was competitively bid and awarded to Intelspec by the US Navy in the amount of $1,198,727. The work consists of designing and building a two storey barrack, dining facilities, a mess hall, a kitchen, roads, parking areas, and site utilities.
"Winning this contract is strategically important for our expansion into Indonesia and builds on Intelspec's continued relationship with the US Government as the right choice for difficult projects in remote locations of South East Asia," said Darren Smith, VP of Intelspec. "Our project management team and key subcontractors have experience with US Government contracts and Indonesian construction. We expect that the successful completion of this contract will propel Intelspec into involvement with numerous projects in the area."
Intelspec is pursuing other US Government and private projects in Indonesia that are scheduled for award in the coming months.
Source: http://www.idc-mcs.com/