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Strabag awarded rail contract in Hungary

Published: September 16, 2016; 09:24 · (Vindobona)

The publicly listed construction company STRABAG will electrify and upgrade the 51 km railway line between Budapest and Esztergom on behalf of one of Hungary's largest state-owned investment companies, NIF (National Infrastructure Development Company). The contract, with a value of approx. EUR 108 million, will be carried out as a joint venture with TRSZ Kft. and MVM OVIT Zrt. - STRABAG holds 51.67 %. Construction will begin this summer and is scheduled for completion in 2018.

Strabag awarded rail contract in Hungary / Picture: ©


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