Skanska wins Czech Republic railway project
By Richard High10 July 2009
A Skanska led consortium has won a CZK 4 billion (€ 153 million) contract to upgrade a railway in the Czech Republic for the Czech Rail Administration.
Skanska's 70% share of the contract is worth CZK 2,76 billion (€ 106 million) and will be included in order bookings for the second quarter. The project will be financed with support from the European Union and the Czech infrastructure fund.
The project includes a 21-km stretch of the railway between Prague and Plzen in the western area of the Czech Republic and the renovation will enable trains to travel at speeds of up to 160 km/hour.
The project also includes the construction of four new bridges and the renovation of 24 bridges, three stations, three platforms and installations and noise protection.
Work will commence later this year and is expected to be finished by October 2012.