Total contract value of € 183 million, STRABAG share 37.5 %
Completion scheduled for December 2012
Vienna, 6 March 2009 A consortium around a Hungarian subsidiary of STRABAG SE, Central and Eastern Europe’s largest construction company, has been awarded a large-scale order worth € 183 million. Of this amount, 37.5 % is attributable to the STRABAG Group.
The consortium has been charged with the modernisation and upgrade of the track and overhead lines between Tárnok und Székesfehérvár, Hungary. The order also includes the planning and installation of the needed safety system and of the signal and telecommunications equipment.
The agreement was signed between the ordering party, NIF Zrt. (Nemzeti Infrastruktúra Fejleszto Zrt.), and the SZCKM-2008 consortium in March 2009. Construction work is scheduled for completion in December 2012.
STRABAG SE is one of Europe’s leading construction groups. With more than 73,000 employees, STRABAG posted an output volume of € 13.7 billion for the 2008 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 on the Arabian Peninsula. STRABAG’s activities span the entire construction industry (Building Construction and Civil Engineering, Transportation Infrastructures, Tunnelling) and cover the entire value-added chain in the field of construction. More information is available at www.strabag.com.