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  Corporate news transmitted by euro adhoc with the aim of a Europe-wide 
  distribution. The issuer is responsible for the content of this announcement. 
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Government Contracts 
 
Vienna/Budapest - The publicly listed STRABAG SE Group has been awarded the 
contract to upgrade a 30 km section of railway in south-eastern Hungary via its 
Hungarian railway construction subsidiary STRABAG Rail Kft. The contract, which 
is worth a total of EUR 364 million, will be executed in a consortium with a 
Hungarian partner (STRABAG share: 66 %). With the official signing last week 
started the financing phase. It will be followed by a 33 month long construction 
phase. 
"The dual-track upgrade of this section of railway from Békéscsaba station to 
the national border will help to modernise an important link along the Trans- 
European Network. This improves the connection between internal markets and the 
Black Sea ports," says Thomas Birtel, CEO of STRABAG SE. 
 
Everything from a single source: railway construction, building construction, 
road construction 
 
STRABAG is contributing the entire range of the group' services to this 
infrastructure project. In addition to the track construction work, the contract 
also includes the overhead lines, the safety and signalling systems, the 
modification of three stations, including park and ride facilities, as well as 
road construction and civil engineering works. The stations Kétegyháza and 
Lökösháza will also be adapted to be barrier-free. 
 
 
 
Further inquiry note: 
STRABAG SE 
Marianne Jakl 
Interim Head of Corporate Communications & Investor Relations 
Tel. +43 1 22422-1174 
marianne.jakl@strabag.com 
 
 
end of announcement                         euro adhoc 
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Attachments with Announcement: 
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http://resources.euroadhoc.com/documents/2246/5/10744019/1/EN_STRABAG_Bahnstrecke_HU_Jun2021.pdf

(END) Dow Jones Newswires

June 22, 2021 04:31 ET (08:31 GMT)