EANS-News: Strabag consortium wins € 246 million infrastructure contract in Hungary

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

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.

end of announcement euro adhoc

Attachments with Announcement:
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http://resources.euroadhoc.com/documents/2246/5/10647455/1/STRABAG_Ungarn_Autobahn_M6_Jan21_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