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Corporate news transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is responsible for the content of this announcement.
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Government Contracts
Vienna/Budapest - The Hungarian subsidiary of European-based construction group
STRABAG has been awarded a new infrastructure contract in Hungary with a volume
of EUR 245.58 million (HUF 90.45 billion). The S-D 2020 M6 consortium,
consisting of STRABAG Építo Kft. (50.12 %) and Duna Aszfalt Zrt., will complete
the 20 km gap of the M6 motorway between Bóly and Ivándárda on the Croatian
border. The project is scheduled to be completed within 36 months.
"Closing this gap creates a new border crossing with Croatia as part of the
Hungarian motorway network. This will significantly reduce the travel time for
international passenger and road freight traffic," says Thomas Birtel, CEO of
STRABAG SE.
High-level corridor to the Adriatic Sea
The project entails the construction of three junctions, 16 bridges and a
service area as well as a turnkey motorway maintenance facility with office
buildings, weighbridge and filling station. As part of Pan-European transport
corridor Vc, the M6 motorway represents a high-level connection to the Adriatic
Sea from Budapest via Osijek and Sarajevo to the Croatian port city of Ploce.
STRABAG had already completed a section of the M6 between Szekszárd and Bóly and
of the M60 between Bóly and Pécs in 2010.
Further inquiry note:
STRABAG SE
Marianne Jakl
Interim Head of Corporate Communications & Investor Relations
Tel. +43 1 22422-1174
marianne.jakl@strabag.com
end of announcement euro adhoc
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Attachments with Announcement:
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http://resources.euroadhoc.com/documents/2246/5/10647455/1/STRABAG_Ungarn_Autobahn_M6_Jan21_e.pdf
(END) Dow Jones Newswires
January 11, 2021 03:11 ET (08:11 GMT)