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  • Main Work Civil Contract for lots S1 and S2 of new HS2 high-speed railway link in the UK * Consortium consisting of STRABAG (32 %), Skanska and Costain
  • Construction volume: approx. GBP 2 billion

Contracts

London – STRABAG, the publicly listed European-based technology group for construction services, has been awarded the Main Work Civil Contract packages for lots S1 and S2 of the United Kingdom’s new HS2 high-speed railway that will initially link London to Birmingham and later to Leeds and Manchester. The project is being carried out by the consortium SCS, a joint venture together with Skanska and Costain. STRABAG’s share is 32 %.

The execution of the contract lots is divided into two stages: Stage 1, the Early Contractor Involvement (ECI) phase, requires the contractor to design, plan and estimate the works within a period of 16 months. This will serve as the basis for determining the target price for stage 2, the actual construction phase. Stage 1 has a contract value of about GBP 79 million; the construction volume of stage 2 will be about GBP 2 billion.

“HS2 is an important project for the United Kingdom that will provide much-needed extra capacity between London and the north of England. Following the intense quality competition, we are proud that our extensive know-how in designing and building high-speed railways has resulted in STRABAG being chosen for this task together with our strong partners,” says Thomas Birtel, CEO of STRABAG SE.

Lots S1 and S2 in southern section of new railway

The first lot, S1, will link the two stations London Euston and Old Oak Common station and comprises the construction of two tunnel tubes with a length of 8.8 km each. Lot S2 will connect from Old Oak Common station to the west with two tunnel tubes with a length of 13.7 km each and an above-ground section of 2.2 km that will link up with Lot C1. This section will include bridge works as well as embankments and through cuttings.

The design phase is to be completed in 2018. Construction is scheduled to last until 2023 with the first trains running in 2026. In total, the companies in the SCS joint venture employ more than 12,000 people in the UK.

end of announcement euro adhoc

Attachments with Announcement:

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http://resources.euroadhoc.com/documents/2246/5/10033982/1/STRABAG_HS2_UK_Jul17_e_FINAL.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: WBI, SATX, ATX
stockmarkets: Wien
language: English

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

Rückfragen & Kontakt:

STRABAG SE
Diana Neumüller-KleinHead of Corporate Communications & Investor RelationsTel: +43 1 22422-1116 diana.klein@strabag.com



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