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    STRABAG SE

    http://strabag.com
    STRABAG SE
    Donau-City-Str. 9
    1220 Vienna
    Austria
    Tel: ‎IR-Hotline: +43 800 880890
    E-mail: investor.relations@strabag.com

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    Press releases  

    2017-08-01 04:06:01

    STRABAG to work on billion-euro infrastructure project in the United Kingdom

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

  • Vienna/London, 1 August 2017---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.

    STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our services span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by our specialised entities integrating the most diverse services and assuming responsibility for them. We bring together people, materials and machinery at the right place and at the right time in order to realise even complex construction projects – on schedule, of the highest quality and at the best price. The hard work and dedication of our close to 72,000 employees allow us to generate an annual output volume of about € 14 billion. At the same time, a dense network of numerous subsidiaries in many European countries and on other continents is helping to expand our area of operation far beyond the borders of Austria and Germany. More information is available at www.strabag.com.



     
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