Infrastructure Developments Corp. (OTCBB: IDVC) announced today that its subsidiary, Intelspec International, Inc., has broken ground on the design-build contract for the Lido Phase II Project in Indonesia.
The contract was competitively bid and awarded to Intelspec by the US military in the amount of $1,198,727 in 2010. Intelspec began work on a two storey barrack, dining facilities, a mess hall, a kitchen, roads, parking areas, and site utilities and is expected to complete the project within 7 months.
"Intelspec is proud to be the lead company responsible for the design and building of this compound for the US military. We are looking forward to a successful completion of the Lido Project as we have had with our other US government projects in the region," said Thomas R. Morgan, CEO of Infrastructure. "Our execution of this project will also help establish an important footprint for Intelspec's further operations in Indonesia. Project management and design-build expertise is critical in this emerging market."
Intelspec is continually pursuing other governmental and private opportunities in South East Asia with a focus on Indonesia.