A consortium led by Austrian construction firm Strabag SE has won a contract to modernise a section of railway between Tarnok and Szekesfehervar in Hungary, Austrian Times informed.
Strabag announced today (Fri) the contract was worth 183 million Euros, of which it would receive 37.5 million.
The consortium will renovate the rails and the overhead cables and install security equipment and telecommunications technology on the set stretch of track. The work should be completed by December 2012.
The European Commission (EC) yesterday approved Strabag’s acquisition of the Hamburg firm Hermann Wellmann Tiefbau.
Strabag will acquire a 50-per-cent interest in Wellmann through its German subsidiary Josef Möbius.