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Vienna, 13 November 2007 – STRABAG, the largest construction company in Eastern Europe, won the tender for the construction of the 78km section of the Hungarian highway M6. The Ministry of Economy and Transport awarded a contract worth approximately € 1.048bn to the winner consortium “Mecsek Autopalya”, which is led by STRABAG. STRABAG`s share in the project volume totals € 460m.
The four-lane M6 connects Szekszard with Pecs, the cultural capital of Europe (2010), and is part of the trans-European corridor Vc, which leads from Budapest to Sarajevo. Especially the region Baranya will profit economically from this new connection.
Within this new highway four tunnels, 83 bridge structures (viaducts, underpasses and overpasses) as well as five rest areas will be built. The start of construction is planned for 21 November, the works will be finished presumably by spring 2010.
The project for the construction of the M6 is conducted as a PPP project (Public Private Partnership). The consortium builds the section and operates it within a concession model for 30 years. Therewith STRABAG has highway concessions in five countries.
STRABAG SE`s CEO, Hans Peter Haselsteiner, expresses his delight over the Hungarian major order: “This order is an award by the Hungarian government, which regards us as an important long-term partner – not only with the construction of highways but also as a competent and experienced operator.”
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STRABAG SE is one of Europe’s leading construction groups. With nearly 60,000 employees, STRABAG expects to post revenue of around EUR 11 billion in the ongoing financial year. From its core markets of Austria and Germany, STRABAG is present via its numerous subsidiaries in all countries of Eastern and South-East Europe, in selected markets in Western Europe and the Arabian Peninsula, as well as in Canada, Chile and India. STRABAG’s activities span the entire construction industry (Building Construction and Civil Engineering, Road Construction, Tunnelling) and cover the entire value-added chain in the field of construction. More information is available at www.strabag.com.
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