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    STAGF   DE000A0Z23N2

STRABAG AG

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STRABAG continues to develop A3 motorway in Romania for EUR 85 million

10/28/2022 | 07:33am EST

Bucharest - STRABAG, the European construction technology group, has been awarded another key contract in Romania.

Together with consortium partner GEIGER, STRABAG will build a 15.7 km long section of the A3 motorway between Cmpia Turzii and Cheani for EUR 85 million (STRABAG's share: 60 %). Construction is scheduled to start in 2022 and will take around 18 months.

'This contract further strengthens our leading market position in Romania,' says Thomas Birtel, CEO of STRABAG SE. 'We have already built two sections of the A3 and this project represents a further contribution on our part to the expansion of the motorway infrastructure in Romania.'

In 2018, STRABAG completed the 10.1 km section between Ungheni and Ogra, followed by the construction of a 9.2 km section from Ungheni to Trgu Mure (completion in 2021). In addition, STRABAG is currently building the nearly 19 km long bypass from Oradea to the A3 at a cost of approx. EUR 110 million.

When completed, the A3 will cover 588 kilometres from the Romanian capital of Bucharest via the commercial centres of Ploieti, Braov, Cluj-Napoca and Oradea to Bor on the Hungarian border, where it will connect to Hungary's M4 motorway.

STRABAG SE is a European-based technology group for construction services, a leader in innovation and financial strength. Our activities span all areas of the construction industry and cover the entire construction value chain. We create added value for our clients by taking an end-to-end view of construction over the entire life cycle - from planning and design to construction, operation and facility management to redevelopment or demolition. In all of our work, we accept responsibility for people and the environment: We are shaping the future of construction and are making significant investments in our portfolio of more than 250 innovation and 400 sustainability projects. Through the hard work and dedication of our approximately 74,000 employees, we generate an annual output volume of around EUR 16 billion. Our dense network of subsidiaries in various European countries and on other continents extends our area of operation far beyond the borders of Austria and Germany. Working together with strong partners, we are pursuing a clear goal: to design, build and operate construction projects in a way that protects the climate and conserves resources.

Contact:

Tel: +43 1 22422-1174

Email: marianne.jakl@strabag.com

(C) 2022 Electronic News Publishing, source ENP Newswire

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