EANS-News: Strabag to renovate the south section of M3 metro line in Budapest

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Company Information

Budapest – The European construction group STRABAG, through its Hungarian subsidiary STRABAG Építoipari Zrt., has won the contract to rehabilitate the southern section of the M3 metro line. The contract value totals HUF 24.7 billion (~ EUR 76 million). In addition to the renewal of five stations and passenger areas, the track structure is also being modernised. The work should be completed in 2020.

„After the renovation of the northern section starting in 2017, we are pleased that we can continue to contribute to the renewal of the Hungarian metro network with the southern section,“ says Thomas Birtel, CEO of STRABAG SE. The overall project is divided into three sections: North (Újpest-Központ – Lehel tér), Middle (Lehel tér -Nagyvárad tér) and South (Nagyvárad tér – Kobánya-Kispest). The metro line is 17.3 km long, with 15.5 km of the track in tunnel. The procurement process of the Middle section is still pending.

end of announcement euro adhoc

Attachments with Announcement:
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http://resources.euroadhoc.com/documents/2246/5/10277774/1/STRABAG_U-Bahn_M3_e.pdf

issuer: STRABAG SE
Donau-City-Straße 9
A-1220 Wien
phone: +43 1 22422 -0
FAX: +43 1 22422 – 1177
mail: investor.relations@strabag.com
WWW: www.strabag.com
ISIN: AT000000STR1, AT0000A05HY9
indexes: WBI, SATX, ATX
stockmarkets: Wien
language: English

Digital press kit: http://www.ots.at/pressemappe/4106/aom

STRABAG SE
Diana Neumüller-Klein
Head of Corporate Communications & Investor Relations
Tel: +43 1 22422-1116
diana.klein@strabag.com

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