STRABAG Press Release Investor Information

STRABAG awarded road and tunnel construction contract in Norway

Facts & Figures

STRABAG COMPANY:

STRABAG AG, Sub-Division Tunnelling

INVESTMENT VOLUME:

approx. € 37 million

ORDER BACKLOG: Q2/16

SEGMENT:

International + Special Divisions

CLIENT:

Statens Vegvesen

Contact

STRABAG SE

Marianne Gruber Corporate Communications

& Investor Relations Tel. +43 1 22422-1174

marianne.gruber@strabag.com

  • STRABAG hired as main contractor
  • Completion in autumn 2018
  • Contract value of around € 37 million

Bergen, 12 May 2016 STRABAG SE, the European technology group for construction services, has been selected as main contractor to build a section of European Route E16, the most important link between the Norwegian capital of Oslo and the country's second largest city of Bergen. This is the first construction contract being carried out by STRABAG in Norway as sole contractor.

The Øye-Eidsbru section, located about midway between Oslo and Bergen, comprises the new construction of 4.5 km of main road and

2.1 km of side roads. A 1,970 m long tunnel, to be built through conventional blasting, forms the heart of the project. This section of the E16 lies in a mountainous area known as Filefjell (peak elevation 1,920 m). The road will pass its highest point here at 1,013 m above sea level. Temperatures in the area can reach -25°C in the winter and massive snowfall is a common occurrence. "After the Ulriken Rail Tunnel, we are happy to be realising another interesting infrastructure project in Norway," says Thomas Birtel, CEO of STRABAG SE.

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 more than 73,000 employees allows us to generate an annual output volume of more than € 14 billion. At the same time, a dense network of numerous subsidiaries in many European countries and, increasingly, 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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Strabag SE published this content on 12 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 12 May 2016 10:47:09 UTC.

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