EANS-News: Strabag to upgrade an approx. 55 km long railway line in Hungary - ATTACHMENT CNE

Friday, 30. October 2020 08:59
  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 - STRABAG, the European-based technology partner for
construction services, has been awarded the contract to upgrade an approximately
55 km long railway line in Hungary. The SR 2019 consortium, of which the
Hungarian subsidiary STRABAG Rail Kft. holds a 45.34 % stake, has been executing
the EUR 132 million contract from NIF, the Hungarian national infrastructure
development company, from October this year. The 55 km single-track section
between Püspökladány and Biharkeresztes is scheduled to be completed by the end
of 2022.

"The condition of this section of track has deteriorated considerably in recent
years, and on many sections of the line the diesel locomotives currently in use
are restricted to speeds between 40 km/h and 80 km/h. The aim is to electrify
the entire section and restore a speed of 100 km/h throughout," explains Thomas
Birtel, CEO of STRABAG SE.

Track work and barrier-free platforms
In order to raise the maximum axle load to 225 kN, the substructure will be
reinforced over large areas of the line and track will be re-laid. The entire
section will be equipped with a new electronic safety system. The contract also
covers station renovation works, including the installation of five barrier-free
platforms at four stations. All stations will receive improved ambient lighting
and will be connected to the central traffic control system.

Further inquiry note:
Diana Neumüller-Klein
Head of Corporate Communications
Tel:   +43 1 22422-1116

end of announcement                         euro adhoc

Attachments with Announcement:

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, WBI, SATX
stockmarkets: Wien
language:     English

EAX0003    2020-10-30/08:59

Related Links: STRABAG SE
Ad-hoc-Mitteilung übermittelt durch euro adhoc.
Für den Inhalt ist der Emittent verantwortlich.