Article Tools

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: © Vindobona

 

--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------

Company Information

The publicly listed construction company…

This article includes a total of 535 words.

or Log In