Vienna/Zagreb - At the end of July 2022, publicly listed construction group STRABAG signed a contract in Croatia for the modernisation of a 44 km railway line between Zagreb and the port city of Rijeka. The order includes, among other things, the upgrade of the existing track, construction of a new track, and the modernisation of several stations and stops. Level crossings along the line will also be replaced by over- and underpasses. The contract has a value of HRK 1,713 million (equivalent to EUR 228 million) and is mainly being co-financed through the European Union's Cohesion Fund.

'The modernisation of the railway line between Hrvatski Leskovac and Karlovac, which is situated along the Mediterranean Corridor of the Trans-European Transport Network, will improve the transport links between the port of Rijeka and the markets in Hungary, Slovakia and Poland in the long term. We are delighted to be able to make a significant contribution to this undertaking,' says Thomas Birtel, CEO of STRABAG SE.

Planned completion of the section in April 2025

Construction is due to start in October 2022 and is scheduled to last for 30 months. After completion, trains will be able to travel along the line at speeds of up to 160 kilometres per hour.

STRABAG SE is a European-based technology partner 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 approximately 74,000 employees allow us to generate an annual output volume of around EUR 16 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.

Contact:

Tel: +43 1 22422-1174

E: marianne.jakl@strabag.com

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