EANS-News: Strabag expanding subway in Canada for approx. € 500 million

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

* Extension of Scarborough Subway (Line 2) in Toronto

* 7.8 km extension in northeast of the city

* Project schedule: 2021–2024

Company Information

Vienna/Toronto – The Canadian subsidiary of publicly listed construction group STRABAG has been awarded the contract for the Advance Tunnel Project for the Scarborough Subway Extension (Line 2) in Toronto. The approx. EUR 500 million (CAN 757 million) contract is being executed under a Design Build Finance model which will start in May and is expected to be completed by autumn 2024.

„This contract is one of several large infrastructure projects that we are implementing in Toronto at this time. We are pleased that our tunnelling expertise, which is currently also being applied to the construction of a pumping station and a railway tunnel, has helped to secure another order for us,“ says Thomas Birtel, CEO of STRABAG SE.

Contract model insures best value for the province

STRABAG was awarded the contract by Infrastructure Ontario and Metrolinx through a public procurement process. Evaluation criteria included design and construction methodology, approach to project management and the collaborative behaviours of key individuals of the team.

The 7.8 km extension, which will run underground for its entire length, will connect the existing terminus at Kennedy Station with Sheppard Avenue/McCowan Road. The contract includes one launch shaft, one extraction shaft, five headwalls for future stations and 14 headwalls for future emergency evacuation buildings. The tunnelling works will be performed using a TBM with a diameter of 11.87 m.

end of announcement euro adhoc

Attachments with Announcement:
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http://resources.euroadhoc.com/documents/2246/5/10730299/1/STRABAG_subway_Can_Mai21_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: ATX, SATX, WBI
stockmarkets: Wien
language: English

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

STRABAG SE
Marianne Jakl
Interim Head of Corporate Communications & Investor Relations
Tel. +43 1 22422-1174
Marianne.jakl@strabag.com

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